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Australian dollar lifted by investment outlook, kiwi dragged up WELLINGTON/SYDNEY: The Australian dollar received a boost on Thursday after a better-than-expected outlook for business investment leant hope the economy could weather an ongoing pullback in the mining sector, hoisting the New Zealand dollar higher.The Australian dollar powered up to $0.9360, from $0.9336 in early trade. It climbed to a three-week peak of $0.9373, where it met heavy resistance."Both the Aussie and bonds reacted to the headline print, but details were mixed," said Su-Lin Ong, senior economist at RBC Capital Markets in Australia. Planned spending for 2014/15 was upgraded to A$145.2 billion, topping analysts estimates of around A$142 billion. However, there is a risk that gross domestic product (GDP) for the second quarter, due out next week, could show a contraction, partly due to consumer caution. Not helping is a 0.9 percent decline in plant and equipment spending, which could also drag on economic growth. Still, some economists are guardedly ...

Harried euro gets respite ahead of inflation test SYDNEY/SINGAPORE: The euro inched higher on Thursday and held above a one-year low versus the dollar, getting some respite as feverish speculation of an imminent round of easing by the European Central Bank cooled.Sources told Reuters on Wednesday that the ECB is unlikely to take new policy action next week unless inflation figures on Friday show the euro zone sinking significantly towards deflation. That prompted investors to trim very bearish positions in the euro.The common ...
Euro hits fresh lows, Asia shares at highs on ECB buzz SYDNEY: The euro was cracking under pressure on Wednesday as feverish speculation of further policy stimulus in the euro zone drove bond yields to all-time lows and lifted Asian stocks to peaks not seen in almost seven years. The groundbreaking call by European Central Bank President Mario Draghi for more action on both the monetary and fiscal fronts has markets wagering that fresh steps could come as soon as next week when the central bank's ...
Australian dollar pops to 10 month peak vs euro, NZ dollar steadier WELLINGTON/SYDNEY: The Australian dollar popped to a 10-month peak versus a deflated euro on Wednesday, while New Zealand's currency got a respite following hefty losses against the US dollar. The euro fell as low as A$1.4109, the lowest since November, to be last at A$1.4120. The euro is down 2 percent this month largely due to growing expectations of another round of policy easing by the European Central Bank. "The downtrend is fairly strong since ...
NZ dollar hits 6 month lows vs USD, Aussie rallies against yen & euro WELLINGTON/SYDNEY: The New Zealand dollar slipped to six-month lows against its broadly stronger US counterpart on Monday, while the Australian dollar shot up to multi-month highs versus the euro and yen in a volatile session. The New Zealand dollar slumped to $0.8336, its lowest since late February, as the US dollar powered up after Federal Reserve Chair Janet Yellen appeared relatively less dovish than other central bank chiefs. "Everyone had been a bit worried about ...
Dollar in demand as stimulus talk dogs euro, yen SYDNEY: The dollar marched higher against the euro and yen on Monday as investors wagered that interest rates were set on a diverging course in the United States, Europe and Japan, giving a lift to Tokyo stocks in the process. Pledges of policy stimulus from the heads of the European Central Bank and the Bank of Japan pressured both the euro and the yen, leaving the US dollar as the winner by default. The common ...
Australia dollar lifted by gains vs yen & pound, NZD struggles WELLINGTON/SYDNEY: The Australian and New Zealand dollars bounced from multi-month lows on Friday as the US dollar rally fizzled ahead of a speech by Federal Reserve Chair Janet Yellen. The Australian dollar nudged up to $0.9305, having recovered from $0.9229, its lowest since early June. It was on track to end the week where it started, a resilient performance given the weakness of Chinese numbers. "Everyone is focused on Yellen and we expect her to ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln