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Australian & NZ dollers gains, focus turns to China data SYDNEY/WELLINGTON: The Australian and New Zealand dollars stood firm on Tuesday, underpinned by a stabilisation in commodity prices as investors awaited key Chinese economic indicators amid global growth concerns.The Australian dollar paused at $0.8785, having gained 0.4 percent on Monday and pulling away from a four-year trough of $0.8642 touched earlier this month.Immediate focus was on a raft of Chinese economic data, including GDP for the July-September quarter, industrial output and retail sales for September.Growth in the world's second largest economy is expected to slow to 7.2 percent from a year earlier, which would be its weakest performance since early 2009.The Australian dollar - often seen as a liquid proxy of China's growth prospects given Australia's large trade exposure to China - could see a big reaction to the Chinese data."There is risk we see growth for China at 7 percent, which could send the Aussie around 40-50 basis points ...

Australian dollar jumps after China GDP data beats forecasts SYDNEY: The Australian dollar jumped a quarter of a US cent after Chinese economic growth data was slightly above expectations.The Aussie went as high as $0.8815, from $0.8773 before the figures, and was last at $0.8800 to show a 0.2 percent gain on the day.The Aussie, which hit a four-year trough of $0.8642 earlier this month, is often seen as a liquid proxy of China's growth prospects given Australia's large trade exposure to the Asian ...
Australia & NZ dollars perk up as sentiment improves, data in focus SYDNEY/WELLINGTON: The Australian and New Zealand dollars were modestly higher on Monday, as they drew support from a more positive environment for risk-taking and waited for key local and offshore data. The Antipodeans were benefiting from the stronger-than-expected US data, which boosted equities and sparked a lift in treasury yields. The Aussie pushed up 0.4 percent to $0.8782 as it built on last week's gains and moved further away from a four-year low of $0.8642 ...
NZ dollar falls briefly on RBNZ statement, rebounds WELLINGTON: The New Zealand dollar briefly slipped to a session low on Friday, but quickly recouped its losses amid market speculation that the Reserve Bank of New Zealand had warned against strength in the domestic currency.The kiwi fell roughly half a cent to $0.7878, before recovering to around $0.7930 when market participants acknowledged that an announcement on changes to the RBNZ's currency basket did not contain a statement on currency strength."The Reserve Bank updated their ...
Australia & NZ dollars subdued, but outperform USD on week SYDNEY/WELLINGTON: The Australian and New Zealand dollars were subdued on Friday, but on track to post their best weekly gain in several months on the greenback as global growth worries have led investors to push out the likely timing of a US interest rate hike.The Aussie edged up 0.2 percent to $0.8777, and was up more than 1 percent on the week - its biggest gain in six months. Since falling to a four-year trough ...
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 ...
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 ...

 



 
Index Closing Chg%
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 15, 2014
Reserves $13.922 bln