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NZ dollar hit by dovish-sounding RBNZ, Aussie also pressured WELLINGTON/SYDNEY: The New Zealand dollar suffered a double whammy on Thursday, as the Reserve Bank of New Zealand softened its stance on future interest rate increases while expectations that US interest rates may rise next year bolstered the greenback.The kiwi fell around half a US cent to a session low of $0.7769 on the RBNZ's rate outlook, which piled on more pressure after the Fed statement had already knocked the currency off a session high of $0.7977.The kiwi pushed lower after the RBNZ held its official cash rate at 3.5 percent, as widely expected, and removed references to further monetary tightening seen in previous statements, which raised speculation that any future rate rises might not come until later next year or in 2016."The RBNZ's move to a bit more of a neutral bias on the rates side of things reduces the yield advantage of the New Zealand dollar," ANZ currency ...

Australia shares rise, NZ stocks hit record high on upbeat outlook SYDNEY/WELLINGTON: Australian and New Zealand shares rose around 0.3 percent on Thursday, underpinned by financials and consumer stocks, as investors shrugged off the U.S. Federal Reserve's widely expected ending of its stimulus programme.The S&P/ASX 200 index was up 19.82 points or 0.3 percent by 02:13 GMT, having touched a seven-week high of 5,481.6 points Wednesday.The Fed said after a two-day policy meeting it will end its quantitative easing programme of bond purchases and also expressed ...
US dollar wary ahead of Fed, Swedish crown bruised after rate cut SYDNEY: The US dollar was subdued early on Wednesday as investors waited for the latest guidance from the Federal Reserve, while a surprisingly dovish message from Sweden's central bank saw the crown slump to four-year lows.The Riksbank cut interest rates more than expected to zero and said it would delay tightening policy until the middle of 2016 as it moved decisively to tackle the risk of deflation.Both the euro and dollar jumped to four-year highs ...
Australian & NZ dollars swept higher by carry trade demand SYDNEY/WELLINGTON: The Australian and New Zealand dollars rose on Wednesday as calmer global markets and a rally in equities sparked demand for carry trades.The Australian dollar edged up to $0.8865, having risen to a three-week peak of $0.8882 on Tuesday. It has gained nearly 1 percent in three sessions.The Aussie was squeezed higher after some bears gave up on short positions following a global improvement in risk sentiment.The Aussie was pulling close to the top ...
Australia & NZ dollars hold firm, cautious ahead of c.bank meetings SYDNEY/WELLINGTON: The Australian and New Zealand dollars held firm on Tuesday with investors cautious of taking large bets ahead of central bank policy meetings later this week.The Australian dollar paused at $0.8803, but remained well within the $0.8640-$0.8900 range seen this month, following a steep 6.3 percent fall in September.The Aussie managed to end the New York session above 88 cents for the first time in two weeks, supported by a stabilisation in market volatility ...
Dollar struggles as soft data push yields lower, Fed awaited SYDNEY/TOKYO: The US dollar nursed modest losses on Tuesday, having slipped overnight after soft economic data tempered risk appetite and pushed safe-haven US debt yields lower.Expectations of more dovish comments from the Federal Reserve, due to kick of its closely-watched two-day policy review later in the session, also weighed on the greenback.The greenback eased to 107.805 yen, retreating from Monday's near three-week peak of 108.38. It also ceded a bit of ground against the euro, ...
Australian dollar buoyed by improving sentiment & carry trades SYDNEY: The Australian and New Zealand dollars rose on Monday, buoyed by improving sentiment following strong earnings results and economic data in the United States.The Australian dollar climbed to $0.8818, from $0.8788 in New York on Friday, pulling away from a four-year trough of $0.8642 touched earlier this month. Resistance was found at $0.8860.Data showing new US home sales climbing to a six-year high, combined with Wall Street closing out its best week in nearly ...

 



 
Index Closing Chg%
Arrow DJIA 17,828.24 0.01
Arrow Nasdaq 4,791.63 0.09
Arrow S&P 2,067.56 0.25
Arrow FTSE 6,722.62 0.01
Arrow DAX 9,980.85 0.06
Arrow CAC-40 4,390.18 0.18
Arrow Nikkei 17,459.85 1.23
Arrow H.Seng 23,987.45 0.07
Arrow Sensex 28,693.99 0.90






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln