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NZ dollar edges up after Fonterra milk payout announcement WELLINGTON: The New Zealand dollar rose on Thursday after dairy co-operative Fonterra forecast a slight improvement in global milk prices in the coming year. The kiwi rose to around $0.7260 after the world's biggest dairy exporter announced an initial farmgate payout forecast of NZ$5.25 ($3.81) per kilogram milk solids, compared with this year's NZ$4.50. The kiwi recovered from an initial dip to around $0.7220 after the announcement. Copyright Reuters, 2015 ...

Australia, NZ dollars at multi-week lows on Fed hike risk SYDNEY/WELLINGTON: The Australian and New Zealand dollars fell to multi-week lows on Wednesday as the US dollar got a lift from growing expectations of an interest rate hike later this year.The Australian dollar eased to its weakest in a month at $0.7726, after major support at around $0.7775 gave way. It slumped 1.2 percent on Tuesday, and now has lost more than four cents since mid-May. It last traded at $0.7742.Upbeat US economic data gave ...
Australian and NZ dollars rise on euro, lag on USD SYDNEY/WELLINGTON: The Australian and New Zealand dollars extended gains versus the euro as more easing by the European Central Bank and the ongoing Greek debt crisis dented appetite for the common currency.They had less luck against a firm US dollar with the Aussie sluggish at $0.7826, not far from a three-week low of $0.7804 set on Monday. Support was found at a major retracement level of $0.7775.It has shed more than 3 cents since it ...
NZ Q1 jobless rate flat, wages contained  WELLINGTON: New Zealand's jobless rate was unchanged in the first quarter as the number of jobs created roughly matched the growth in thee workforce, while wage costs remained contained, backing views the central bank can hold rates for the forseeable future.The unemployment rate was steady at 5.8 percent, with about 16,000 jobs created, while the participation rate hit a record high of 69.4, according to official data on Wednesday.Statistics New Zealand said it had revised ...
Australian, NZ dollars on track to post hefty weekly gains SYDNEY/WELLINGTON: The Australian and New Zealand dollars hovered near three-week highs on Friday, buoyed by broad weakness in their US counterpart and an upbeat Australian job report, putting them on track for hefty gains this week.The Australian dollar nudged lower at $0.7773, from $0.7802 early, but was still up 1.4 percent this week in a rare consecutive week of gains. It has added 2.4 percent in April which, if sustained, would be the largest monthly ...
Australia, NZ dollars seen lower as rates diverge SYDNEY: Analysts have again lowered forecasts for the Australian dollar to reflect expectations of falling interest rates, as central banks across the globe ease monetary policy to support sputtering economies and ward off deflation. A Reuters poll of 50 analysts saw the Aussie edging down to 73 cents on a 12-month horizon, compared to 74 cents in the March poll.It hit a six-year trough of $0.7534 last week and remains vulnerable on expectations of more ...
Dollar prevails as euro, sterling hit rocky road SYDNEY: The dollar hovered at three week highs against a basket of major currencies early on Friday as the hapless euro extended its decline and disappointing trade data knocked sterling lower. The euro fell as far as $1.0637, reaching a low last seen on March 19. It last stood at $1.0665, down more than 3 percent from Monday's peak of $1.1036."It's hard to avoid the conclusion that carry trades are playing a part. Note that ...

 



 
Index Closing Chg%
Arrow DJIA 18,010.68 0.64
Arrow Nasdaq 5,070.03 0.55
Arrow S&P 2,107.39 0.63
Arrow FTSE 6,984.43 0.80
Arrow DAX 11,413.82 2.26
Arrow CAC-40 5,007.89 2.53
Arrow Nikkei 20,563.15 0.06
Arrow H.Seng 27,424.19 0.11
Arrow Sensex 27,828.44 1.17





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln