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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 4.1 percent in December and reached its lowest in over five years this month, but appeared to have found a tentative base near 80 US cents.RBA Governor Glenn Stevens suggested last month that an even weaker level, of about 75 US cents, would be fair value. But, since cutting its cash rate to a record low of 2.5 percent in August 2013, the central bank has refused to lower rates further partly due to worries ...

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, ...
Australian & NZ dollars pinned down in holiday lull SYDNEY/WELLINGTON: The Australian dollar languished near 4-1/2-year lows on Tuesday, while the New Zealand dollar held steady in a market lacking conviction with many investors having closed their books for the year. The Australian dollar was steady at $0.8127, having drifted in a slim $0.8122/44 range, to be not far from last week's low of $0.8087.A break there could open the way to the May 2010 trough of $0.8066. The Aussie has shed nearly 9 ...
Aussie dollar vulnerable, could break below 81 US cents; NZD steady SYDNEY/WELLINGTON: The Australian dollar flirted with a 4-1/2 year trough against a broadly firmer greenback on Tuesday while its New Zealand peer was steady in thin year-end trade. Financial markets in Australia and New Zealand will close early on Wednesday and stay shut for the rest of the week for the Christmas holidays. The Aussie last traded at $0.8123, having drifted in a slim $0.8117/32 range, not far from last week's low of $0.8107. A ...
High-flying dollar pauses in holiday lull, US data eyed SYDNEY: The dollar touched a fresh two-week high against the yen on Tuesday, but struggled to make further headway in a market subdued by a holiday in Japan. A record-closing high on Wall Street had helped lift the greenback against the yen in New York, and modest follow-through buying in Asia saw the dollar come close to 120.20. However, momentum quickly faded in thin year-end conditions, leaving the greenback stuck in a very slim 120.01/120.19 ...


Index Closing Chg%
Arrow DJIA 16,790.19 0.08
Arrow Nasdaq 4,748.36 0.69
Arrow S&P 1,979.92 0.36
Arrow FTSE 6,326.16 0.43
Arrow DAX 9,902.83 0.90
Arrow CAC-40 4,660.64 0.95
Arrow Nikkei 18,186.10 1.00
Arrow H.Seng 21,831.62 0.10
Arrow Sensex 26,932.88 0.55

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln