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A$ & NZ$ trim losses; RBNZ rate review eyed  WELLINGTON/SYDNEY: The Australian dollar regained some ground on Wednesday after a reading on inflation cooled expectations of an interest rate cut next month, but the high-beta currency still nursed losses on the week amid fears of a euro zone break up. The Aussie was last at $1.0223, having slid as low as $1.0170, versus $1.0227 late in New York. It was still down 1.3 percent for the week. The Aussie managed to cut early losses after a closely watched inflation report came roughly in line with expectations. The outcome was not considered soft enough to prompt the Reserve Bank of Australia (RBA) to cut rates as early as August. Interbank futures now imply a one-in-four chance of a cut to 3.25 percent next month, down from 60 percent on Tuesday. Yet, the 1.95 percent pace of annual underlying inflation was more than tame enough to keep the door open to more easing should the ...

A$ & NZ$ perk up after China data  WELLINGTON/SYDNEY: The Australian and New Zealand dollars erased early losses on Tuesday as markets heaved a sign of relief after a report showed China's manufacturing output grew at its fastest pace in nine months in July. The data helped offset worries about the euro zone debt crisis, which earlier had investors chasing safety rather than yield. That had seen Australian govt bond yields fall to their lowest in at least a half a century. The Aussie reaches ...
A$ & NZ$ give way to profit-taking vs USD & euro  WELLINGTON/SYDNEY: The Australian and New Zealand dollars lost some ground on Monday against the US dollar, but stayed in sight of record highs against the euro as fears that Spain may need a bailout weighed on sentiment. The Aussie slips to $1.0319, from $1.0377 in NY on Friday. It hit $1.0445 last week, the highest in nearly three months. It is testing key support at $1.0315, the 38.2 pct of the $1.0100/$1.0445 move. A fall below Friday's ...
Australian dollar at 2-1/2 month high vs weak US dollar  LONDON: The Australian dollar rose to a 2-1/2 month high against the US dollar, which hit a two-week low against a basket of currencies on Thursday as gains in equities encouraged buying of riskier and higher-yielding currencies. Traders also cited talk of central bank demand to diverisfy assets into the Australian dollar due to its higher yield and relatively solid economic fundamentals. The Australian dollar rose to $1.0416, its strongest since early May. The dollar index fell to ...
Racy A$ hits record high vs euro, 10-week top on USD  WELLINGTON/SYDNEY: The Australian dollar hovered near record highs against the euro and a 10-week peak against the greenback on Thursday as it found favour with investors seeking yield and safety, leaving its New Zealand counterpart trailing. The Aussie rises to $1.0399, its highest since May 1, from $1.0359 in early trade. It easily tripped stops at $1.0380 and has gained 1.5 pct so far this week supported by desperate search for yields. Stronger Asian equities led by ...
A$ & NZ$ firm, eyes on North Korea  WELLINGTON/SYDNEY: The Australian dollar stood near two-week highs against the US dollar and flirted with a record peak against the euro on Wednesday, helped by strong results by mining giant BHP Billiton. The Aussie firm at $1.0300 against $1.0292 in late Tuesday local trade, having briefly touched $1.0326 earlier. It lost around 10 pips after nuclear power North Korea said it would issue "an important report" at 0300 GMT without giving more details. Some talk North Korea might ...
A$ perkier after RBA minutes, kiwi weighed by CPI  WELLINGTON/SYDNEY: The Australian dollar rose to a near two-week high versus the greenback on Tuesday, and outperformed its New Zealand peer, after minutes of the Reserve Bank of Australia's July meeting suggested it was in no hurry to cut interest rates. Aussie last at $1.0293, having risen as high as $1.0304 after the RBA minutes revealed policymakers saw "no need" to cut interest rates this month. Resistance now seen at the July peak of $1.0330, with support ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln