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Aussie dollar hits 10-day low on lower iron ore prices, rate cut bets LONDON: The Australian dollar fell over a percent to a ten-day low against its U.S. counterpart on Monday, hit by persistent weakness in iron ore prices and speculation of an April cut in Australian interest rates.Chinese iron ore futures fell for the fourth consecutive session on tepid demand in the world's top consumer and growing supplies by global miners put the raw material in check. Iron ore is Australia's top export earner.The Aussie dollar was trading at $0.7666, its weakest since March 20 and down over 1 percent on the day. Copyright Reuters, 2015 ...

Australia dollar stuck in the doldrums, NZD also soft SYDNEY/WELLINGTON: The Australian dollar slipped to fresh one-week lows on Monday, falling for a fifth session in a move that is likely to fuel its retreat from a two-month peak.Not helping the Aussie was persistent weakness in iron ore prices, which plumbed fresh lows on Friday amid worries about a supply glut. Iron ore is Australia's top export earner.The Aussie last stood at $0.7716, down from $0.7745 late in New York on Friday. It fell ...
Australia and NZ dollars stay subdued, Fed in focus SYDNEY/WELLINGTON: The Australian dollar eased on Friday, continuing to pull back from a two-month peak set earlier in the week as investors reassessed their positions ahead of a speech by Federal Reserve Chair Janet Yellen.The Australian dollar last traded at $0.7795, down 0.4 percent on the day.It has fallen more than 1 percent since hitting $0.7939 on Tuesday, hurt in part by a fresh decline in iron ore prices. On the week, it is still ...
Dollar starts week on the defensive as post-Fed caution lingers SYDNEY: The dollar started trade in Asia on the defensive, after a volatile few days in the wake of the Federal Reserve's dovish steer, which cast doubts on bullish positions in the greenback. The dollar index eased 0.2 percent to 97.696 early on Monday, staying well clear of a 12-year peak of 100.390 set on March 13. The index was nearing the post-Fed meeting trough of 96.628 hit last week when investors moved to price ...
Australia and NZ dollars idled by Fed, euro extends bounce SYDNEY/WELLINGTON: The Australian and New Zealand dollars were little changed on Wednesday as investors awaited the outcome of the Federal Reserve's two-day policy review. The Australian dollar was stuck at $0.7620, having been trading in a narrow band of $0.7606 to $0.7680 since Monday. It remained uncomfortably close to a six-year low of $0.7561 set last week.The euro recovered more ground against the Antipodean currencies following recent steep losses. It has now gained two full ...
Dollar bulls bank on Fed losing its patience SYDNEY: The dollar stood steady in Asia on Wednesday just hours before the Federal Reserve was expected to take a major step toward lifting interest rates for the first time in almost nine years. A Fed statement is due at 1800 GMT, followed half an hour later by a press conference with Chair Janet Yellen. The central bank will also release members' forecasts for inflation and interest rates, and some analysts suspect the trajectory of ...
Australia, NZ dollars firmer on USD; stand tall vs sombre euro SYDNEY/WELLINGTON: The Australian and New Zealand dollars edged up on Friday as a shakeout in bullish US dollar positions gave the beleaguered Antipodeans some respite.The Australian dollar was at $0.7697, having jumped 1.4 percent on Thursday when disappointing US retail sales hurt the US dollar and triggered a wave of short covering. Resistance was found around $0.7735, then $0.7775."The greenback finally hit a bump and the long overdue consolidation may be upon us," said Stephen ...

 



 
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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%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln