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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 of the $0.8640-$0.8900 range seen this month, following a steep 6.3 percent fall in September. A break would target $0.8935.Underpinning the Antipodean currencies was a return of carry trades where the market borrows at low rates in yen to buy higher-yielding assets, such as the Kiwi and Aussie.The Kiwi rose to 85.70 yen, from a low of 84.95 on Tuesday, having touched an 8-month trough of 83.32 earlier in October.Likewise, the Aussie climbed to a ...

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 ...
New York Ebola scare keeps Aussie & kiwi dlrs on the backfoot SYDNEY/WELLINGTON: The Australian and New Zealand dollars looked set to end the week on a sour note after a report that a doctor in New York had tested positive for Ebola weighed on risk appetite.Both Antipodean currencies, usually sold off in times of heightened risk aversion, fell against the yen, greenback and the euro.The Aussie slipped 0.3 percent to $0.8738 while its New Zealand counterpart dipped 0.1 percent to $0.7812. Against the yen, the Aussie ...
Aussie edges higher after China GDP; dollar slips vs yen SINGAPORE: The Australian dollar edged higher on Tuesday after China's third-quarter economic growth slightly exceeded market expectations, while the US dollar struggled to gain traction and retreated against the yen. China's economy grew 7.3 percent in July-September from a year earlier, slightly above the 7.2 percent forecast by analysts. However, the growth was the weakest for any quarter since the 2008/09 global financial crisis. The Aussie dollar, often seen as a liquid proxy of Chinese ...
Australian & NZ dollers gains, focus turns to China data SYDNEY/WELLINGTON: The Australian and New Zealand dollars stood firm on Tuesday, underpinned by a stabilisation in commodity prices as investors awaited key Chinese economic indicators amid global growth concerns.The Australian dollar paused at $0.8785, having gained 0.4 percent on Monday and pulling away from a four-year trough of $0.8642 touched earlier this month.Immediate focus was on a raft of Chinese economic data, including GDP for the July-September quarter, industrial output and retail sales for September.Growth ...

 



 
Index Closing Chg%
Arrow DJIA 17,356.87 1.69
Arrow Nasdaq 4,644.31 2.12
Arrow S&P 2,012.89 2.04
Arrow FTSE 6,336.48 0.07
Arrow DAX 9,544.43 0.20
Arrow CAC-40 4,111.91 0.46
Arrow Nikkei 16,819.73 0.38
Arrow H.Seng 22,585.84 0.37
Arrow Sensex 26,710.13 0.27






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 15, 2014
Reserves $13.922 bln