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Australian dollar pares gains after RBA keeps rates steady SYDNEY: The Australian dollar erased initial gains on Tuesday after the Reserve Bank of Australia (RBA) kept rates steady at a record low, as widely expected. The Aussie eased to $0.8915, not far from a one-month low of $0.8891 touched on Monday. It briefly rose to a session high of $0.8970. The RBA reiterated a stable rate outlook in its monthly policy statement. Copyright Reuters, 2014 ...

Yen holds ground as Ukraine jitters keep risk at bay SYDNEY: The yen held onto chunky gains early on Tuesday, having been squeezed higher as skittish investors dumped riskier assets amid tensions over Russian military intervention in Ukraine.The euro traded at 139.30 yen after falling 0.8 percent on Monday, while the dollar fetched 101.43 yen not far from a one-month low of 101.20.Russian President Vladimir Putin's forces have tightened their grip on the Russian-speaking Crimea region, a move described by U.S. President Barack Obama as ...
Euro darts ahead, dollar dragged by asset flows SYDNEY: The euro was holding broad-based gains on Wednesday, having darted higher against the yen and sterling, while the dollar took a hit from soft economic data and news that foreign investors had been heavy sellers of U.S. assets.The euro was up at $1.3758 in Asian trade, having stretched as far as $1.3769 overnight, its highest in seven weeks and breaching a key resistance barrier at $1.3740.Disappointing data on New York manufacturing and U.S. housing ...
Aussie sinks on poor jobs data, Euro nurses losses SYDNEY/TOKYO: The Australian dollar fell sharply on Thursday after an unexpectedly weak employment report revived speculation that a rate cut may yet be put back on the table. The euro meanwhile continued to nurse losses after suffering a setback on dovish comments from a top European Central Bank official. Data released on Thursday showed a net 3,700 Australian jobs were lost in January, although analysts polled by Reuters expected a rebound of 15,000 jobs. Unemployment ...
Australian dollar rallies to 1 month peak, pulls NZ dollar higher SYDNEY/WELLINGTON: The Australian dollar received a leg up on Tuesday after an upbeat local business survey helped the currency break a key chart barrier, and investors were awaiting testimony by the new chief of the US Federal Reserve. The Aussie leapt to its highest in a month at$0.9016, from $0.8942 in early trade, and was last at $0.9007. A sustained break above major chart resistance at 90 cents would target the 2014 peak of $0.9087. ...
Yen off to a soft start as Asian stocks eyed SYDNEY: The yen wallowed at one-week lows against the dollar and euro early on Monday, having been beaten down late last week as U.S. stocks rallied after investors got over a disappointing set of headlines on the U.S. labour market.Traders said expectations that Asian stocks could track Wall Street were keeping a lid on demand for the low-yielding Japanese currency for now.The dollar bought 102.65 yen, while the euro fetched 139.79 yen, both at their ...
Australian dollar rallies after RBA drops easing bias SYDNEY: The Australian dollar rallied on Tuesday after the Reserve Bank of Australia dropped its easing bias in the first policy review of the year, encouraging markets to increase the chance of an interest rate hike. The Aussie jumped half a cent to $0.8830, after the central bank kept rates unchanged at a record low of 2.5 percent. It was up 0.9 percent on the day. 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%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln