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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 of a correction, Ray Attrill, global co-head of FX strategy at National Australia Bank, does not forecast any meaningful rally. "I don't see a spike above 90 cents in the short-term and I think we will test 85 cents at some point during Q4," he said. He reviewed his Aussie forecast on Monday, keeping it at 88 cents by the end of the year. Major support was found at the 2014 trough of $0.8660 and ...

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 ...
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 ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln