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Australia & NZ dollars hit multi-month lows on China worries WELLINGTON/SYDNEY: The Australian and New Zealand dollars slipped to multi-month lows on Monday after a set of disappointing Chinese data encouraged investors to further unwind carry trades. The Australian dollar fell as far as $0.8999, its weakest since late March to be last at $0.9012. It has tumbled four cents in 10 days, mostly due to a rising US dollar as the market seemed to be repricing the risk the Fed could take a more hawkish tone at its policy meeting later this week. "The local unit is likely to remain under pressure ahead of the key (Fed) verdict with strong support at $0.8980 likely to be tested in the short term," Macquarie said in a note. A break could see a retracement all the way to $0.8660, the 2014 trough. The move lower came after data out on Saturday showed China's factory output grew at the weakest pace in ...

Aussie dollar bears emboldened by China data, others calmer SYDNEY: The Australian dollar slid to a six-month low on Monday as worries about slower Chinese growth hit a nerve, but other major currencies held their ground ahead of this week's Federal Reserve policy meeting. Investors took aim at the Aussie, usually used as a liquid proxy for China plays, after data on Saturday showed factory output in Asia's economic powerhouse grew at the weakest pace in nearly six years in August.Growth in other key ...
Australian dollar jumps after strong jobs data SYDNEY: The Australian dollar leapt half a US cent on Thursday after a surprisingly strong jobs report led markets to price in more chances of a rate hike in a 12-month horizon. The Aussie jumped as far as $0.9216, from $0.9260 before the data to be last at $0.9211. It hit a five-month low of $0.9113 on Wednesday. Copyright Reuters, 2014 ...
Australia dollar bounces on jobs stunner, NZD hits 7-month low on RBNZ WELLINGTON/SYDNEY: The Australian dollar bounced from five-month lows on Thursday as startlingly strong jobs data led markets to almost abandon any chance of further rate cuts, sending bond yields to their highest since June. That was in contrast to the New Zealand dollar, which slumped to a seven-month low after the country's central bank signalled that it may raise interest rates by less and at a slower pace than initially expected. The Australian dollar jumped ...
Australian dollar on the skids; NZ dollar pressured before RBNZ WELLINGTON/SYDNEY: The Australian dollar tumbled to five-month lows on Wednesday, having been turfed out of its well-defined trading band as a pick-up in market volatility pushed investors into paring back hugely popular carry trades. The Australian dollar fell as far as $0.9167, having slid more than 2 cents since Friday and pierced the $0.9200-$0.9500 range which has held since late March. It was last at $0.9166, having broken through major chart support in the $0.9175/82 ...
Australian & NZ dollars stung by stronger USD, bonds skid WELLINGTON/SYDNEY: The Australian and New Zealand dollars were stung by broad US dollar strength on Tuesday as rising US bond yields and a Federal Reserve study gave the market an excuse to book recent profits and unwind carry trades. The Australian dollar fell to $0.9265, having dropped more than 1 percent overnight.Support was found at $0.9263, last week's low, and the currency is still within the $0.9200 to $0.9500 range that has held since March. ...
Euro wary as ECB policy decision looms, BoJ eyed SYDNEY: The euro clung on to modest gains against the dollar early on Thursday, having pulled up from one-year lows as investors booked some profits ahead of the European Central Bank policy review.News of a ceasefire plan in eastern Ukraine further shored up the common currency, although this is now in doubt after Ukraine's prime minister dismissed the proposal outlined by President Vladimir Putin. The common currency has already fallen a long way, dropping from ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln