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NZ dollar hits 1-year lows, Aussie pinned near 7-month trough SYDNEY/WELLINGTON: The Australian and New Zealand dollars were deep under water on Wednesday as jitters over global growth and falling commodity prices conspired to send the Antipodeans to fresh lows. The New Zealand dollar was nursing losses after dairy giant Fonterra cut sharply its forecast payout to dairy farmers, the nation's top export earners. The kiwi skidded to $0.8065, having shed nearly one percent on Tuesday to its lowest in more than a year at $0.8042. It has fallen 8 percent since a peak in July, partly due to expectations the Reserve Bank of New Zealand (RBNZ) will not hike rates again until next year. Fonterra, the country's largest dairy business, slashed its forecast payout for the current season by nearly 12 percent from its previous forecast made only six weeks ago because of a slump in prices. The projection means national income will be cut by more than NZ$5 ...


China's yuan edges up on central bank guidance HONG KONG: China's yuan edged up against the dollar on Wednesday after the central bank set a slightly stronger official guidance rate.The People's Bank of China set the midpoint at 6.1462 per dollar, up 0.01 percent from the previous fix.Spot yuan changed hands at 6.1361 near midday, up 0.03 percent from Monday's close at 6.1378.The yuan traded at a narrow range between 6.1347 and 6.1373 in morning trade.Copyright Reuters, 2014

Yen firmer after Japan PM Abe's remarks; dollar pauses from rally SINGAPORE/TOKYO: The yen edged higher on Wednesday after Japanese Prime Minister Shinzo Abe reportedly voiced concern about the economic impact of the currency's recent weakness. The dollar slipped 0.3 percent on the day to 108.55 yen after Jiji news service quoted Abe as saying he would carefully watch the impact of the yen's recent weakness on Japanese regional economies. The prime minister's comments came in the wake of the yen's slide to a six-year low ...

Yen up in Asia after US-led Syria strikes TOKYO: The yen picked up in Asia on Wednesday as US-led strikes on militants in Syria and a survey showing further weakness in eurozone business activity fanned uncertainty.In Tokyo midday trading, the greenback eased to 108.59 yen from 108.87 yen in New York and off levels above 109 yen seen last week.The euro dipped to 139.62 yen from 139.91 yen in US trade, while it also bought $1.2852 against $1.2850."The yen remains a highly sensitive ...

Prospect of German recovery offers relief to euro LONDON: The euro pulled away from a 14-month trough against the dollar on Tuesday, earning some relief from a business survey showing Germany's economy probably expanded in the third quarter.The common currency rose to $1.2896, recovering from Monday's 14-month low of $1.2816 and prompting some traders to suspect it might correct higher as key support near $1.2800 loomed. Traders said a move above Sept. 18 highs of around $1.2830 was needed for sustained gains."The euro ...

Indian rupee ends lower as shares slump, caution grows MUMBAI: The Indian rupee fell the most among emerging market peers on Tuesday as shares slumped after weak global manufacturing surveys raised growth concerns, while month-end dollar demand from importers also hurt sentiment for the local unit.Surveys showed French business activity contracted in September, while Germany's manufacturing sector expanded at its slowest pace since June 2013.Meanwhile, a private survey showed China's factory activity edging up in September, though unemployment fell to a 5-1/2-year low.Traders are ...

Sri Lanka rupee ends near 4-month low on importer dollar demand COLOMBO: The Sri Lankan rupee ended slightly weaker on Tuesday at a near four-month low on importer dollar demand after the central bank placed certain curbs on the use of its standing deposit facility to boost credit and economic growth.The central bank before the market opened on Tuesday kept its key policy rates steady, but limited commercial banks' access to its repurchase or standing deposit facility, a move analysts see as an effective rate cut.The ...


 



 
Index Closing Chg%
Arrow DJIA 17,071.22 0.25
Arrow Nasdaq 4,505.85 0.14
Arrow S&P 1,977.80 0.25
Arrow FTSE 6,646.60 0.04
Arrow DAX 9,422.91 0.71
Arrow CAC-40 4,358.07 0.83
Arrow Nikkei 16,310.64 0.50
Arrow H.Seng 23,229.21 1.90
Arrow Sensex 26,597.11 0.11





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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