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A$ & NZ$ edge up after no surprises by RBA SYDNEY/WELLINGTON: The Australian dollar inched up on Tuesday after the Reserve Bank of Australia (RBA) said the currency was high historically, but refrained from trying to talk it down as some market watchers had speculated.The Aussie rose to $0.9270, from $0.9244 in early trade, pulling closer to a high of $0.9321 set on Monday. It was, however, still stuck in a familiar $0.9203-$0.9410 band, a range it has been unable to escape since late March.As expected, the central bank left its cash rate unchanged at a record low of 2.5 percent for a ninth straight policy meeting and reiterated its outlook was for a period of steady policy.Some had anticipated the central bank would sound more alarmed at the currency's strength given weakness in the price of iron ore, the country's biggest export earner. The mineral has shed 31 percent this year to be at levels not seen in nearly ...

Australian dollar hit by weak local data in thinned markets SYDNEY: The Australian dollar lost some altitude on Monday after disappointing data reinforced the case for the central bank to stay on the sidelines for some time, dragging the New Zealand dollar lower in thinned markets. The Aussie slipped a quarter of a US cent to $0.9271 after figures showed Australian building approvals fell 5.6 percent in April versus forecasts of a rise of 1.8 percent. "It shows the Aussie has run out of momentum ...
Australian dollar cheered by solid investment outlook, NZ dollar sags SYDNEY/WELLINGTON: The Australian dollar gained on Thursday, underpinned by an encouraging outlook for Australian business investments, while the New Zealand dollar hovered near 2-1/2-month lows. The Aussie rose nearly half a cent to $0.9274, before steadying at around $0.9266, having bounced off a low of $0.9210. The boost followed upbeat estimates for business investments in 2014/15, in a bullish sign for growth. Planned spending for 2014/15 jumped to A$137 billion, from an earlier estimate of ...
NZ dollar eases on fall in business sentiment, Australian dollar steady SYDNEY/WELLINGTON: The New Zealand dollar eased on Wednesday after a private survey showed a sharp slide in business sentiment, while the Australian dollar held steady. The New Zealand dollar softened to $0.8546 from $0.8564 earlier, after New Zealand business confidence slid to its lowest in seven months in May. Earlier, the kiwi had perked up to a high of $0.8572 even as dairy giant Fonterra cut its initial forecast payout for the 2014/15 season by ...
Euro drifts off low but US holiday saps momentum SYDNEY: The euro struggled to gain any momentum early in Asia on Tuesday after drifting off a three-month low against the dollar with public holidays in the United States and Britain all but ensuring an anaemic session overnight. The common currency last stood at $1.3644, having slid as far as $1.3615 on Monday. Against the yen, it traded at 139.10, off a low of 138.73. Just last week, the euro hit a three-month trough of ...
Australian and NZ dollars at one-week highs vs yen, broadly firmer SYDNEY/WELLINGTON: The Australian and New Zealand dollars rose to one-week highs against the yen on Tuesday with gains in the Nikkei sapping demand for the safe-haven Japanese currency. In turn, that gave the Antipodeans a bit of a bid against the US dollar, providing much-needed direction to a market looking for fresh leads after a US holiday overnight. The Aussie reached a high of 94.44 yen, continuing to recover from a two-month low of 92.99 ...
Euro still in the doldrums, ECB Draghi speech in focus SYDNEY: The euro slipped early on Monday, while the other major currencies got off to a steady start as the results of a presidential election in Ukraine and votes for the European Parliament were so far greeted calmly by investors. Dealers expect little action on Monday with US markets closed for Memorial Day, while UK markets are shut for the Spring bank holiday. The common currency last traded at $1.3629 compared with around $1.3631 late ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln