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Australia & NZ dollars bounce off multi-month lows, but vulnerable WELLINGTON/SYDNEY: The Australian and New Zealand dollars rebounded from multi-month lows on Tuesday after recent sharp losses left the currencies overstretched, with investors cautious ahead of a Federal Reserve policy meeting. The Australian dollar bounced to $0.9042, having been as deep as $0.8984.That was the lowest since March and a major support level as it marks the 61.8 percent retracement of the rally from $0.8660 in January to $0.9505 in July. The rebound came as iron ore prices rose from a five-year low, partly spurred by expectations Beijing will be forced to inject more stimulus after data confirmed a slowdown in the Chinese economy. Iron ore is Australia's top export earner. The Aussie had tumbled four US cents in six straight sessions, with much of the pressure coming as markets priced in the risk of a more hawkish tone from the Fed at its two-day policy meeting ending on Wednesday. ...

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 ...
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. ...

 



 
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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 23, 2014
Reserves $13.465 bln