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Australian & NZ dollars off lows, await RBA SYDNEY/WELLINGTON: The Australian dollar eased off four-year lows on Tuesday after a rebound in commodity prices caused a sharp squeeze of bearish positions. Traders were awaiting the Reserve Bank of Australia's (RBA) monthly policy review and the tone of its statement at 0330 GMT.The central bank is considered certain to hold rates steady for a 16 straight month at a record low of 2.5 percent but could again note the Aussie was high by most valuations. The Australian dollar waiting anxiously at $0.8480, having dropped to a fresh four-year low of $0.8417 on Monday. Hourly support was found at $0.8475. It got some relief after data showed building approvals shot up 11.4 percent in October, versus forecasts of 5 percent. Also helping was that net exports made a healthy contribution to economic growth last quarter, setting the scene for a solid GDP report due out on Wednesday. There was some ...

Australia, NZ dollars set for largest monthly fall in over a year SYDNEY/WELLINGTON: The Australian and New Zealand dollars clawed their way off lows on Tuesday but still seemed destined to suffer losses exceeding 6 percent for the month amid a strengthening US currency and sliding global commodity prices. The Australian dollar struggled up to $0.8727, having slipped as far as $0.8684 overnight, its lowest since January. It has tumbled 6.5 percent this month, the largest loss since May last year. While some dealers see a risk ...
New Zealand dollar eyes post-float high, Aussie also bid WELLINGTON/SYDNEY: The New Zealand dollar flew close to a near three-year peak on Wednesday, having picked up a tailwind after ratings agency Fitch upgraded its outlook on the country's AA rating to positive. The kiwi was firm at $0.8790, not far from the overnight high of $0.8806. It was only the second time since the currency was floated in 1985 that it has broken through the $0.8800 big figure. The bullish move has revived talk ...
Dollar holds job-inspired gains in quiet start to week SYDNEY: The dollar clung on to most of last week's payrolls-inspired gains early on Monday after a holiday in the United States all but ensured a moribund start to the week. The dollar index was steady at 80.300, not far from a one-week peak of 80.315 set on Thursday in the wake of solid jobs data. US markets were shut on Friday for the Independence Day holiday. "There are very limited leads for the region ...
Aussie and kiwi dollars on the defensive, awaiting major data WELLINGTON/SYDNEY: The Australian dollar struggled to find a foothold on Monday, having posted its biggest weekly fall in over a month with nerves still raw days after the central bank governor described the currency as "overvalued by any metric". The Aussie was last down 0.1 percent at $0.9354 after falling as far as $0.9342. It fell 0.7 percent last week and has shed more than 1.5 percent since hitting an eight-month high of $0.9505 a ...
NZ dollar hits three-year high, Aussie buoyant WELLINGTON/SYDNEY: The New Zealand dollar rose to a three-year high on Friday, benefiting from a broad chase for higher yields, while its Australian peer was a bit more circumspect ahead of its 2014 peak. Robust demand for better returns in a low global interest rate environment was evident in the debt market with Australian bonds resuming their rally.That drove the 10-year yield to a fresh one-year low at 3.549 percent. The kiwi traded at $0.8773 ...
Australia & NZ dollars off multi-month highs SYDNEY/WELLINGTON: The Australian and New Zealand dollars were off multi-month highs on Tuesday with investors cautious ahead of the US Federal Reserve's two-day policy meeting where it is expected to start slowing its massive stimulus program.The Aussie edged lower to $0.9300, from $0.9317 in early trade, pulling away from a three-month peak near $0.9400 set on Monday.It showed a muted reaction to minutes of the Reserve Bank of Australia's September policy meeting which kept the ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln