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Australian, NZ dollars underpinned by global equities rally SYDNEY/WELLINGTON: The Australian and New Zealand dollars were on a firmer footing on Thursday, as a sharp rebound in Asian stock markets and better than expected business spending plans in Australia encouraged buying.The Australian dollar rose to $0.7142, from $0.7110 early, pulling away from a 6-1/2-year trough touched on Monday. Resistance was found at $0.7155 where dealers cited stops. The Aussie regained some ground against the yen at 85.71, having dropped to a low of 82.16 earlier in the week.Wall Street's sharp bounce overnight had improved the mood.But much of the strength came after China's Shanghai Composite index bounced more than 1 percent and helped soothe investors' nerves after days of sharp losses and wild swings.Also underpinning was a surprising, albeit slight, improvement in Australian capital expenditure plans for 2015/16 which came in on the high side of expectations at A$114.8 billion. Forecasts were for A$112.5 billion.The overall report, however, ...

Australian, NZ dollars capped by Chinese market turmoil SYDNEY/WELLINGTON: The Australian and New Zealand dollars were held hostage on Wednesday to developments in China in another choppy trading session, with sentiment remaining brittle amid concerns over the Asian giant's economy.The Australian dollar was down 0.1 percent at $0.7132, having swung between positive and negative territory. It received a modest boost after data showing domestic construction work rose 1.6 percent in the second quarter, handily beating forecasts of a 1.5 percent fall."The positive is ...
Australia, NZ dollars seen lower again on rate outlook SYDNEY: Analysts have again cut their forecasts for the Australian and New Zealand dollars to reflect the diverging outlook on interest rates between the Antipodean nations and the United States. A Reuters poll of 50 analysts found the Aussie was seen falling to $0.7100 on a 12-month horizon, compared with July's forecast of $0.7300.It touched a six-year low of $0.7234 last week to currently stand at $0.7366, a level that seems better suited for the ...
NZ dollar jumps after RBNZ cuts rates, softens FX stance WELLINGTON: The New Zealand dollar jumped to a one-week high on Thursday after the Reserve Bank of New Zealand delivered a smaller interest rate cut than some in the market expected and softened its rhetoric on the kiwi following its recent, dramatic fall. The kiwi climbed half a US cent to $0.6654, its highest since July 15, after the central bank cut its Official Cash Rate by 25 basis points to 3.0 percent in response ...
Australia, NZ dollars subdued after week of contrasting fortunes SYDNEY: The Australian and New Zealand dollars were subdued on Friday after a week that saw the Aussie rally as chances for a interest rate cut receded, while the kiwi was set for an eighth week of decline as New Zealand's central bank began an easing cycle.The Aussie was steady at $0.7748, not far off a peak of $0.7793 set on Thursday after a surprisingly strong employment report made another interest rate cut unlikely. On ...
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 ...

 



 
IndexClosingChg%
ArrowDJIA 16,058.35 2.84
ArrowNasdaq 4,636.11 2.94
ArrowS&P 1,913.85 2.96
ArrowFTSE 6,058.54 3.03
ArrowDAX 10,015.57 2.38
ArrowCAC-40 4,541.16 2.40
ArrowNikkei 18,165.69 3.84
ArrowH.Seng 21,185.43 2.24
ArrowSensex 25,696.44 2.23





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln