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NZ dollar slides, drags Australia dollar to 8-month lows SYDNEY/WELLINGTON: The New Zealand dollar hit a fresh one-year trough on Monday after New Zealand Prime Minister John Key suggested he would like to see a weaker currency, taking an already wounded Australian dollar deeper into red.The kiwi took a further pummelling as the Reserve Bank of New Zealand confirmed it had sold the currency in August, sending it to a one-year low around $0.7708.The central bank sold a net NZ$521 million ($406.1 million) in an effort to weaken the currency which it views as unjustifiably high given falling prices for some of New Zealand's major commodity exports."One of the reasons for the sell-off is the confirmation that they had sold. It means it can happen again," said Westpac senior currency strategist Imre Speizer, adding the RBNZ would likely be well satisfied with the impact of its actions.The kiwi had already been on the back foot after comments by Prime ...

Euro wilts after Draghi says ready for further steps SYDNEY: The euro languished at 14-month lows in Asia on Thursday after reported remarks from European Central Bank President Mario Draghi rekindled expectations of more policy steps to support the euro zone. The euro was already under pressure after surrendering to stop-loss selling on Wednesday, as a major chart bulwark at $1.2800 gave way. The common currency fell as low as $1.2762, nearing the 2013 trough of $1.2740. A break there would take it back ...
NZ dollar hits 1-year lows, Aussie pinned near 7-month trough SYDNEY/WELLINGTON: The Australian and New Zealand dollars were deep under water on Wednesday as jitters over global growth and falling commodity prices conspired to send the Antipodeans to fresh lows. The New Zealand dollar was nursing losses after dairy giant Fonterra cut sharply its forecast payout to dairy farmers, the nation's top export earners. The kiwi skidded to $0.8065, having shed nearly one percent on Tuesday to its lowest in more than a year at ...
Australia & NZ dollars struggle near 7 month lows as China underwhelms WELLINGTON/SYDNEY: The Australian and New Zealand dollars struggled near seven-month lows on Tuesday after tumbling commodity prices and concerns over China's economy encouraged investors to further unwind long positions. The Australian dollar slid below 89 US cents for the first time since early March, having shed nearly 5 percent so far this month.It was last at $0.8880, not far from $0.8851 touched overnight. Even a better-than-expected headline reading of China's manufacturing activity failed to cheer ...
Australian dollar hurt by commodities, NZ dollar finds post-election respite WELLINGTON/SYDNEY: The Australian dollar plumbed a six-month trough on Monday, weighed by falling commodity and stock prices, while the New Zealand dollars bounced off recent lows following a post-election rally over the weekend.The Australian dollar matched Friday's low of $0.8920, the weakest since early March, to be last at $0.8930. It has lost nearly 5 cents in two weeks and a break of $0.8891 would target a retracement to this year's trough of $0.8660.The move ...
Aussie, kiwi slide vs sterling on early Scottish vote results WELLINGTON: The Australian and New Zealand dollars plumbed multi-month lows versus sterling on Friday, knocked by the UK currency's broad gains after early results from a Scottish independence vote showed support for Scotland staying in the union. The Aussie slipped to a six-month low around A$1.8470 per pound, while the kiwi plumbed a 7 1/2-month trough around NZ$2.0336 as early polls showed higher-than-expected opposition for Scotland to separate from the United Kingdom. "Sterling is well ...
Dollar surges to 6 year peak on yen, Tokyo stocks cheer SYDNEY: Japanese shares jumped on Thursday after the dollar vaulted to a six-year peak on the yen as the Federal Reserve's outlook for rising rates underlined the diverging path between the United states and the rest of the rich world. The euro skidded to a 14-month trough while gold hit an eight-month low as the dollar swept higher across the board, a move that many investors have been itching to wager on all year. Indeed, ...

 



 
Index Closing Chg%
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Arrow FTSE 6,678.90 0.26
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Arrow Sensex 28,067.56 0.12






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln