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Australia & NZ dollars struggle near 7 month lows as China underwhelms WELLINGTON/SYDNEY: The Australian and New Zealand dollars struggled near seven-month lows on Tuesday after tumbling commodity prices and concerns over China's economy encouraged investors to further unwind long positions. The Australian dollar slid below 89 US cents for the first time since early March, having shed nearly 5 percent so far this month.It was last at $0.8880, not far from $0.8851 touched overnight. Even a better-than-expected headline reading of China's manufacturing activity failed to cheer Aussie bulls. HSBC's flash PMI for the Asian nation rose to 50.5 in September versus forecasts of 50. China is Australia's single biggest export market and investors often use the currency as a liquid proxy for China plays. "That tells you quite a lot on how engrained the bearish sentiment is towards the Aussie dollar," said Ray Attrill, global co-head of FX strategy at National Australia Bank. Not helping was a mixed picture painted by ...

Australian dollar hurt by commodities, NZ dollar finds post-election respite WELLINGTON/SYDNEY: The Australian dollar plumbed a six-month trough on Monday, weighed by falling commodity and stock prices, while the New Zealand dollars bounced off recent lows following a post-election rally over the weekend.The Australian dollar matched Friday's low of $0.8920, the weakest since early March, to be last at $0.8930. It has lost nearly 5 cents in two weeks and a break of $0.8891 would target a retracement to this year's trough of $0.8660.The move ...
Aussie, kiwi slide vs sterling on early Scottish vote results WELLINGTON: The Australian and New Zealand dollars plumbed multi-month lows versus sterling on Friday, knocked by the UK currency's broad gains after early results from a Scottish independence vote showed support for Scotland staying in the union. The Aussie slipped to a six-month low around A$1.8470 per pound, while the kiwi plumbed a 7 1/2-month trough around NZ$2.0336 as early polls showed higher-than-expected opposition for Scotland to separate from the United Kingdom. "Sterling is well ...
Dollar surges to 6 year peak on yen, Tokyo stocks cheer SYDNEY: Japanese shares jumped on Thursday after the dollar vaulted to a six-year peak on the yen as the Federal Reserve's outlook for rising rates underlined the diverging path between the United states and the rest of the rich world. The euro skidded to a 14-month trough while gold hit an eight-month low as the dollar swept higher across the board, a move that many investors have been itching to wager on all year. Indeed, ...
Australia & NZ dollars hit multi-month lows after Fed statement SYDNEY/WELLINGTON: The Australian and New Zealand dollars skidded to multi-month lows on Thursday as the Federal Reserve's outlook for raising rates underlined the diverging path between the United States and most developed economies, pushing the greenback higher. The Australian dollar was at $0.8960, having lost 1.5 percent overnight, its largest daily drop in more than a year. The currency dropped as far as $0.8939, the lowest in six months. It has slumped more than 4 ...
Dollar on edge as Fed language eyed, Aussie surges SYDNEY: The US dollar nursed modest losses early on Wednesday, having suffered an unexpected setback as jitters mounted hours before the Federal Reserve offers its latest guidance on interest rates. Traders said sellers emerged after the Wall Street Journal's Fed watcher said the US central bank may keep the words "considerable time" in its policy statement following the Sept 16-17 meeting. Markets have been bracing for a more hawkish tone and many were looking for ...
Australian & NZ dollars lifted by swings in Fed speculation SYDNEY/WELLINGTON: The Australian and New Zealand dollars regained some ground on Wednesday on speculation the US Federal Reserve would maintain a pledge on low rates when a two-day policy meeting ends later in the session. The Australian dollar was last at $0.9071, having rallied nearly 1 percent to a peak of $0.9113 on Tuesday, a recovery from a recent 4-percent slide. The Aussie touched a six-month trough of $0.8984 Monday. Much of the surge came ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln