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Australia dollar rebounds on upbeat capex, NZD steady SYDNEY/WELLINGTON: The Australian dollar bounced off four-year lows on Thursday after an upbeat report on business spending, while the New Zealand dollar held steady. The Aussie edged up to $0.8564, from $0.8532, in a relief rally after Australian business investment rose by 0.2 percent last quarter to confound forecasts for a fall. Importantly, spending on equipment jumped 4.4 percent for the biggest rise in three years and a healthy contribution to economic growth. The data only reinforced the outlook for steady interest rates, when the market has been pricing in a greater chance of a cut in coming months. The Aussie touched a four-year trough of $0.8480 on Wednesday to be down nearly 3 percent this month, with some dealers mixed on the currency outlook. "I still see downside risks to the Aussie, but it has come a long way since early September when it was at 94 cents," said ...

Australian dollar slides to 4-year low against greenback LONDON: The Australian dollar hit a four-year low against its US counterpart on Wednesday ahead of a clutch of data likely to prove crucial for the immediate prospects of a handful of other currencies against the greenback. The euro, up almost a cent against the dollar this week, dipped briefly after a senior European Central Bank official pointed explicitly to the chances of it opting for outright purchases of government bonds in the first quarter ...
Australia & NZ dollars bounce, but still lower for the week SYDNEY/WELLINGTON: The Australian and New Zealand dollars bounced off lows on Friday as commodity prices showed tentative signs of stabilisation, but the currencies were still on track to end the week lower. The Australian dollar was on a firmer footing at $0.8641, from a low of $0.8566 touched Thursday. It has slipped 1.2 percent this week, partly due to a rout in iron ore prices, Australia's top export earner. While the steel-making ingredient looked to ...
Australian & NZ dollars weighed by iron ore and dairy declines SYDNEY/WELLINGTON: The Australian and New Zealand dollars struggled to make friends on Wednesday, following another slide in commodity prices - particularly iron ore and dairy. The Australian dollar dropped to $0.8683, from $0.8728 in early trade, pulling away from a high of $0.8796 touched Monday. Support was found at $0.8667, and more solidly around $0.8637-40. It hit a four-year trough of $0.8540 earlier this month. Much of the weakness came after the price of iron ...
Australian & NZ dollars supported by carry trades SYDNEY/WELLINGTON: The Australian and New Zealand dollars edged up on Tuesday, as the outlook for sustained monetary policy support from the European Central Bank and Bank of Japan favoured carry trades. The Australian dollar was holding at $0.8710, having met stiff resistance just ahead of $0.8800 on Monday. The Aussie received some support after Australia and India said they will push for a free trade pact.The news came a day after the finalisation of a ...
Australia, NZ dollars jump on yen as Japan slips into recession SYDNEY: The Australian and New Zealand dollars extended their meteoric rise on the yen on Monday as dismal Japanese economic data only served to reinforce the case for aggressive stimulus in the country, including from a weaker currency. The Aussie shot to a 20-month peak of 102.40 at one stage before steadying at 101.90, a rise of three yen in just five sessions.The kiwi reached its loftiest level since August 2007 around 92.79 yen. The ...
Australian & NZ dollars scale new heights against yen SYDNEY/WELLINGTON: The Australian and New Zealand dollars surged on the yen on Wednesday as investors went hunting for yields, helping them in turn recoup a little ground on their US counterpart. The Australian dollar edged up to $0.8687, having rallied 0.7 percent in the last session and pulling away from a four-year trough of $0.8540 hit last week. The biggest move was against the yen, with the Aussie back above 100 yen for the first ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln