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Australia & NZ dollars resilient, China trade supports SYDNEY/WELLINGTON: Upbeat Chinese trade figures supported the Australian and New Zealand dollars on Tuesday, offsetting weaker sentiment from an overnight slide in oil and commodity prices. The Australian dollar edged up to $0.8185, from an early $0.8127 low but remained short of a one-month peak of $0.8254 hit on Monday. Hourly resistance was found at $0.8205 with support at the 20-day moving average of $0.8136.The Aussie touched a six-year trough of $0.8033 last week, hit by slumping commodity prices and worries about slowing global growth.Aiding the Aussie was better-than-expected trade figures out of China, Australia's top export market. Despite talk of slowing demand, China bought a record volume of iron ore - Australia's single biggest earner.Elias Haddad, a senior currency strategist at Commonwealth Bank of Australia, sees a possible short-term move towards $0.8350-$0.8400 should a local jobs report due out Thursday surprise on the upside. Forecasts are for a slight ...

Dollar slips with yields, oil still dropping SYDNEY: The US dollar took a dip on Monday as Asian investors caught up with a benign payrolls report and the subsequent slide in Treasury yields, though turnover was light with Tokyo on holiday. Share markets were mixed following a soft finish on Wall Street though sentiment was supported by speculation the Federal Reserve would be patient in tightening policy given the weakness of wages apparent in the jobs numbers.Wages fell by the most since ...
Australian & NZ dollars regain poise as euro, pound pressured SYDNEY/WELLINGTON: The Australian and New Zealand dollars regained further ground on Monday courtesy of a broadly weaker US counterpart and expectations the European Central Bank will soon be forced to take bold stimulus measures. The Australian dollar climbed to $0.8231, building on gains made late last week when investors sold the US dollar across the board on the back of the fall in US wages even as payrolls increased by a brisk 252,000. The Aussie ...
Oil price plunge could help RBA weaken Australian dollar further SYDNEY: The plunge in global oil prices could give Australia's central bank leeway to reduce interest rates with the aim of pushing the Australian dollar down to levels the bank would like to see. The Reserve Bank of Australia has long wanted a lower exchange rate to help the economy adjust to rapidly fading mining investment and to relieve the pain of hefty price falls for its main export, iron ore. The Aussie dollar fell ...
Euro hits fresh low before inflation trial, bonds boom SYDNEY: The euro hit a nine-year trough on Wednesday as collapsing oil prices and worries about the world economy drove skittish investors into the arms of safe-haven sovereign debt. From Japan to Germany to Australia, government borrowing costs reached all-time lows as oil fell 10 percent in just two days and investors wrestled with the risk of global deflation.Asian share markets did try to steady after recent steep falls and European bourses were projected to ...
Australia, NZ dollars resilient, trade figures help SYDNEY/WELLINGTON: The Australian dollar proved resilient on Tuesday as demand against the euro and a smaller-than-feared trade deficit at home helped offset a global flight to safe-haven assets such as the yen and government bonds. The Australian dollar edged up to $0.8118, having touched a 5-1/2-year trough of $0.8036 on Monday. Resistance was found at the 10-day moving average of $0.8127. It gained around a quarter of a US cent after data showed Australia's trade ...
Australian & NZ dollars bruised by worries on Europe easing SYDNEY/WELLINGTON: The Australian and New Zealand dollars came under pressure in thin trade on Monday, as growing speculation of drastic monetary easing in Europe gave a boost to the US dollar. The Australian dollar dropped to a 5-1/2-year trough of $0.8053, as the US dollar gained most from a sharp decline in the euro. The Aussie was at $0.8086 at 0205 GMT, with technicals pointing to further downside. Key support was seen at 80 cents, ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 06, 2015
Reserves $18.201 bln