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Australia dlr stung by risk of more rate cuts, eyes China data SYDNEY/WELLINGTON: The Australian dollar struggled near a two-month low against the US dollar on Wednesday as investors speculated that more interest rate cuts were in the cards after the Reserve Bank of Australia cut its official rate to a record low on Tuesday.Aussie trades at $1.0185, having fallen more than 0.5 percent to $1.0155 offshore, its weakest since early March. Bids suspected around $1.0150, where option barriers lie, are seen offering some near-term support.The New Zealand dollar trades at $0.8454 in early local trade, having dipped to around $0.8440 after the Reserve Bank of New Zealand said that the currency was overvalued and that it was concerned about further strength.Despite the slip, the kiwi remained above a low of $0.8423 hit offshore, when it fell in sympathy with the Aussie. It remained under slight selling pressure against the yen , the euro and other currencies.The RBA's decision to cut rates ...

C$ hits strongest level since February in central bank rally TORONTO: The Canadian dollar closed at its strongest level versus its US counterpart since mid-February on Tuesday, rising with stock markets around the world in a risk rally fueled by signals that top central banks will keep supporting economic growth.The Canadian currency also gained sharply against its commodity-backed cousin in Australia after that country's central bank cut interest rates.Mark Chandler, head of Canadian fixed income and currency strategy at Royal Bank of Canada, said the ...
Australia dollar skids as RBA cuts rates, bond yields tumble WELLINGTON/SYDNEY: The Australian dollar skidded to two-month lows on Tuesday after the Reserve Bank of Australia (RBA) cut interest rates to record lows and left the door open to yet more easing, sending bonds rallying sharply.The Aussie dropped over half a cent to as deep as $1.0178, its lowest since early March, piercing a triple bottom around $1.0220. It last fetched $1.0192, showing a loss of 0.7 percent on the day.Interbank futures rallied hard as ...
C$ firms slightly on positive market sentiment TORONTO: The Canadian dollar was marginally stronger against its US counterpart on Monday, tracking positive market sentiment following Friday's surprising US monthly jobs report.The benchmark S&P 500 index edged up to another record closing high on Wall Street, extending Friday's rally after US employment rose more than expected last month.The loonie strengthened after the release of Canadian building permits data, which surged past expectations in March, though the closely-watched residential, single family component was more ...
Australia dlr loses ground to greenback, RBA looms WELLINGTON/SYDNEY: The Australian dollars was under pressure on Tuesday as the market remained deeply divided on the chance of a cut in interest rates from the Reserve Bank of Australia (RBA) later in the session.The Aussie eased to $1.0252, from $1.0284 late locally on Monday. It again tested major support around $1.0222 overnight but bids held for the moment.Aussie seen vulnerable ahead of the RBA's rate decision at 0430 GMT. A rate cut not expected ...
Aussie dollar slips on disappointing retail sales data SYDNEY: The Australian dollar slipped a quarter of a US cent on Monday following a surprise fall in retail sales in March, encouraging markets to narrow the odds of further easing by the Reserve Bank of Australia later this week.The Aussie fell to a session low of $1.0270 and was last trading at $1.0285.Copyright PPI (Pakistan Press International), 2012 ...
Australia & NZ dlrs push higher, USD pulled down with yields WELLINGTON/SYDNEY: The Australian and New Zealand made solid gains across the board on Tuesday as benign US and European inflation data pushed down bond yields and added to pressure for more easing by major central banks.The Aussie up around $1.0343 from Monday's late local level of $1.0325, touching a near two-week high of $1.0359 offshore. The currency has gained around 0.6 percent this month.Aussie support seen at $1.0310 with resistance at $1.0360 and the $1.0395/00 ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln