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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 yen and euro. A string of downbeat economic data including weak retail sales and manufacturing activity numbers dealt Wall Street a fresh blow overnight, with stock markets in Japan and Australia skidding more than 1 percent. Dealers said the Antipodean currencies managed to hold relatively well, partly because USD-long positions in the speculative community against both Aussie and kiwi were not as extreme as in other currencies. "I see the broad correction in the US ...

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 ...
Australian & NZ dollars slip, jobs data eyed SYDNEY/WELLINGTON: The Australian and New Zealand dollars drifted lower on Wednesday, trimming overnight gains in an absence of major economic data and as investors were reluctant to take aggressive positions a day ahead of key Australian employment figures. Both Antipodean currencies had squeezed higher overnight in a wave of short covering as a further drop in US Treasury yields weighed on the greenback. The Australian dollar last traded at $0.8793, down 0.3 percent on the ...

 



 
IndexClosingChg%
ArrowDJIA 17,827.75 0.07
ArrowNasdaq 4,787.32 0.61
ArrowS&P 2,072.83 0.28
ArrowFTSE 6,723.42 0.09
ArrowDAX 9,974.87 0.60
ArrowCAC-40 4,382.34 0.20
ArrowNikkei 17,248.50 0.78
ArrowH.Seng 24,004.28 0.45
ArrowSensex 28,438.91 0.19






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln