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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 the kiwi could make a bid for the post-float high of $0.8842 set back in August 2011. "While a test of the 2011-high at $0.8840 looks technically appealing, we remain cautious in the midst of the current shakedown in equity markets," said Bank of New Zealand strategist Raiko Shareef. Near-term support for the kiwi is seen at $0.8768, with the overnight high the first line of resistance. Fitch on Tuesday changed its outlook on New ...

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 ...
Euro tripped by ECB, Aussie eyes rate decision SYDNEY: The euro struggled to gain any momentum in early Asian trade on Tuesday, while the Australian dollar nursed losses as bears bet on the prospect of a cut in interest rates later in the session.The common currency was at $1.3073, having pulled back from Monday's high of $1.3141. It fell as far as $1.3053 after the head of the European Central Bank (ECB) reiterated the central bank's readiness to cut interest rates again if ...
Australian shares rise on Wall St records, financials lead SYDNEY: Australian shares rose 0.7 percent on Thursday, underpinned by the financial sector as record overnight highs for the Dow Jones Industrial Average and the S&P 500 boosted risk appetites.Among banks, Westpac Banking Corp rallied 1.7 percent while biggest lender the Commonwealth Bank of Australia climbed 1.1 percent.The S&P/ASX 200 index added 31.4 points to 4,999.4 by 0201 GMT, after reaching an intraday high of 5,013.2. The index fell 0.2 percent on Wednesday.Miguel Audencial, sales ...

 



 
Index Closing Chg%
Arrow DJIA 16,982.59 0.13
Arrow Nasdaq 4,444.91 0.10
Arrow S&P 1,978.91 0.03
Arrow FTSE 6,788.07 0.05
Arrow DAX 9,598.17 0.48
Arrow CAC-40 4,344.77 0.33
Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln