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Australia & NZ dollars subdued, but outperform USD on week SYDNEY/WELLINGTON: The Australian and New Zealand dollars were subdued on Friday, but on track to post their best weekly gain in several months on the greenback as global growth worries have led investors to push out the likely timing of a US interest rate hike.The Aussie edged up 0.2 percent to $0.8777, and was up more than 1 percent on the week - its biggest gain in six months. Since falling to a four-year trough of $0.8642 on Oct. 3, the Aussie has largely been in consolidation mode.Normally, growth worries and a resultant selloff in commodity prices would spell trouble for both Antipodean currencies, but this week's breath-taking slide in Treasury yields have overwhelmed US dollar bulls.The benchmark US 10-year yield has fallen 15 basis points this week, a magnitude not seen in 13 months.Comments from James Bullard, the head of the St. Louis Federal Reserve Bank on Thursday, appeared ...

Australia & NZ dollars prove resilient to equity sell-off SYDNEY/WELLINGTON: The Australian and New Zealand dollars dipped modestly on Thursday, proving resilient to a sharp fall in equities after poor US economic data revived worries about global growth, sending investors to the safety of government debt. The Australian dollar fell to $0.8804, from a peak of $0.8860 overnight after investors booked profits. It gained more than 1 percent on Wednesday in a choppy session that saw the US dollar touch multi-week lows against the ...
Australian & NZ dollars unable to keep gains, brace for China data SYDNEY/WELLINGTON: The Australian and New Zealand dollars were unable to keep hard-won gains on Wednesday as global deflation and growth concerns resurfaced, while investors braced for a batch of data out of China.The Australian dollar eased back to $0.8689, from a peak of $0.8812 touched in a choppy session on Tuesday. Much of the weakness came from broad strength in the US dollar following disappointing data in Europe.The Aussie has tumbled seven cents since early ...
Australian dollar still high vs fundamentals SYDNEY: Despite the recent fall in the Australian dollar, it remains "higher than most conventional estimates of fundamentals would indicate," a senior Australian central banker said on Tuesday. That means the exchange rate is offering less assistance than it would normally be expected in achieving balanced growth in the economy, Reserve Bank of Australia Assistant Governor Guy Debelle told a Citi conference in Sydney. "A lower exchange rate would be helpful in achieving that objective," ...
Australian & NZ dollers edge up in choppy trade SYDNEY: The Australian and New Zealand dollars rose in choppy trade on Tuesday, proving resilient to a sharp sell off in global equities which sent investors to safe-haven assets such as government debt.The Australian dollar edged up to $0.8787, from $0.8760 in early trade and adding to Monday's 1 percent gains.However, it spent most of the session in the red after a spike in volatility encouraged investors to unwind popular carry trades, where the market ...
Australian dollar hit by growth woes, yen buying; kiwi recovers slightly SYDNEY/WELLINGTON: The Australian dollar hovered near four-year lows on Monday as global growth concerns encouraged investors to unwind carry trades, while the New Zealand dollar remained vulnerable to further losses though it managed to stabilise somewhat. The Australian dollar edged down to $0.8670, from $0.8700 in New York on Friday, pulling close to a four-year trough of $0.8642 touched last week. A break there would open the way to a retracement to $0.8066, the May ...
Aussie climbs, brushing off weak Australian jobs reading WELLINGTON: The Australian dollar edged up on Thursday, boosted by broad selling in the US dollar and as investors ultimately shrugged off a weak reading of Australia's labour market after major revisions to the series cast doubt on the data's reliability. The Aussie rose 0.2 percent to $0.8857, bouncing back from an initial slide to $0.8791 after official figures showed the Australian economy lost a net 29,700 jobs in September, wrongfooting expectations for a 20,000 ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln