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Australian dollar stung by soft retail data, weighs on NZ dollar WELLINGTON: The Australian dollar was pulled closer to this year's trough on Wednesday following a surprisingly weak retail sales figure, dragging the New Zealand dollar lower in the process.The Aussie dropped 0.8 percent on the day to $0.8670 after retail sales rose a meager 0.1 percent in August, missing forecasts of 0.4 percent."U.S dollar strength was the dominant theme and the weak retail sales data didn't help," said Su-Lin Ong, senior economist at RBC Capital Markets.It even fell against a wounded euro which had slipped overnight amid disappointing economic data in the euro zone.The common currency leapt nearly a full cent to A$1.4537, pulling closer to a three-month peak of A$1.4588 touched Tuesday. The Aussie was closing in on the 2014 low of $0.8660, a level of key support, and a breach would take it to its weakest in more than four years."It may take a bit of work to ...


Dollar breaks 110 yen for first time in six years TOKYO: The dollar broke the 110 yen barrier for the first time in more than six years on Wednesday, following a string of generally upbeat US data and expectations of more Bank of Japan monetary easing.The greenback soared to 110.09 yen in late morning Tokyo trade, its highest level since August 2008 and up from 109.64 yen in New York, as investors turn their attention to a key US jobs report later this week.The dollar ...

Dollar breaks 110 yen for first time in six years TOKYO: The dollar broke the 110 yen barrier for the first time in more than six years on Wednesday, following a string of generally upbeat US data and expectations of more Bank of Japan monetary easing.The greenback soared as high as 110.09 yen in late morning Tokyo trade, its highest level since August 2008 and up from 109.64 yen in New York, as investors turn their attention to a key US jobs report later this ...

Kenyan shilling, stocks shrug off GDP rise to hold steady NAIROBI: The Kenyan shilling and main stock market index were flat on Tuesday, shrugging off a jump in the gross domestic product of East Africa's biggest economy after the authorities changed the base calculation year.Foreign exchange and stock market traders said both markets had factored in a rise of Kenya's GDP, now estimated to be 25 percent bigger after the base calculation year was changed to 2009 from 2001.At close of trade at 1300 GMT, ...

Russia's rouble sinks after media report says central bank mulls capital controls MOSCOW: Russia's rouble hit an all-time low against a dollar-euro basket on Tuesday, falling below the level at which the central bank intervenes to defend the currency, after a news report said the bank was considering imposing capital controls.The central bank, which last intervened to defend the rouble in May, said it was unable to provide immediate comment on the news report. Bank officials have repeatedly said they oppose the imposition of capital controls.The Finance ...

Dollar hits 4-year high, heads for best quarter in 6 years NEW YORK: The dollar surged to a four-year high against a basket of currencies and a two-year high against the euro on Tuesday after euro zone inflation fell in September, putting the greenback on track for its biggest quarterly gain in six years.The Norwegian crown was another big mover, up 0.9 percent to a three-week high of 8.1084 crowns per euro after its central bank unveiled plans to buy 250 million crowns per day in ...

Sterling ends mixed after dollar surge LONDON: Sterling hit a two-week low against the dollar on Tuesday but firmed to a more than two-year high against the euro, reflecting the latest leg of a broad-based rally for the U.S. currency that dates back almost three months.Dealers said Middle Eastern investors had been seen buying and then selling the pound after a mixed bag of data confirmed the British economy expanded strongly in the second quarter but also showed the UK current ...


 



 
Index Closing Chg%
Arrow DJIA 17,042.90 0.17
Arrow Nasdaq 4,493.39 0.28
Arrow S&P 1,972.29 0.28
Arrow FTSE 6,622.72 0.36
Arrow DAX 9,474.30 0.55
Arrow CAC-40 4,416.24 1.33
Arrow Nikkei 16,173.52 0.84
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,630.51 0.13





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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
WeeklySeptember 25, 2014
Reserves $13.305 bln