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Australia & NZ dollars struggle after sliding on strong US data WELLINGTON/SYDNEY: The Australia and New Zealand dollars were languishing near two-month lows on Thursday after strong growth data sent the US dollar soaring, despite a dovish statement by the Federal Reserve. The Australian dollar dropped as far as $0.9301, its lowest since early June after data showed the US economy rebounded sharply in the second quarter. The Aussie last stood at $0.9330 to show a loss of around 1 percent this month, its largest decline since January. A break below $0.9301 would target $0.9200-20. The New Zealand dollar was knocked to a near two-month low of $0.8463, but recouped some of its losses to trade at $0.8500 following the Federal Reserve's reaffirmation that it would be in no hurry to start raising rates. Government bonds were shunned across the board, with Australian futures dropping to multi-week lows. The three-year bond contract fell 6 ticks to 97.290, having touched a one-month ...

Market takes a shine to the dollar, shuns euro SYDNEY: The US dollar hovered near six-month highs against a basket of major currencies early on Monday, holding onto solid gains made last week as investors turned bearish on the euro. A closely watched report on Friday showing a slump in German business sentiment and news the European Union was a step closer to imposing economic sanctions on Moscow had undermined the common currency. The euro, which fell 0.7 percent last week, languished near an ...
NZ dollar plumbs 6-week lows, weighs on Australian dollar WELLINGTON/SYDNEY: The New Zealand dollar fell to six-week lows and weighed on the Australian dollar on Monday, with markets awaiting key US events later in the week including a Federal Reserve meeting and major economic indicators. The New Zealand dollar eased to $0.8539, matching Friday's lowest level.It has tumbled nearly 3 percent in the past two weeks, largely after the Reserve Bank of New Zealand (RBNZ) signalled last week it was pausing its tightening cycle ...
Australian dollar jumps after upbeat China PMI survey SYDNEY: The Australian dollar hit a three-week high on Thursday after a closely watched survey showed activity in China's factory sector in July expanded at its fastest pace in 18 months. The Aussie rose as high as $0.9480, from around $0.9440 just before the survey was released. It was last at $0.9470, up 0.2 percent on the day. Copyright Reuters, 2014 ...
Kiwi sinks as central bank signals rate halt, China PMI lifts Aussie TOKYO/SYDNEY: The New Zealand dollar skidded to a six-week low on Thursday after the country's central bank switched to a wait-and-see stance following its fourth straight rate hike, while its Australian peer rose after a survey showed China's factory sector expanded at its fastest pace in 18 months.The kiwi dollar dropped nearly a full US cent, touching levels not seen since June 12.The Australian dollar, often used as a proxy for the economic performance of ...
Euro finally gives in, Aussie eyes CPI test SYDNEY: The euro languished at multi-month lows against many of its peers early on Wednesday, having moved decisively lower overnight along with an eye-catching fall in the Swiss franc. Traders said there was no specific trigger although the weaker euro dovetailed nicely with expectations for the European Central Bank to ease policy further. Some traders noted a big buy order in USD/CHF from a real money fund had helped push the dollar up on the ...
Australian dollar rises after inflation data WELLINGTON: The Australian dollar gained more than a quarter of a cent on Wednesday after inflation data came in stronger than expected. The headline figure was in line with expectations but underlying measures were stronger than forecast. The Aussie hit a high of $0.9434 from $0.9388 before the data. Copyright Reuters, 2014 ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln