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A$, NZ$ bound higher, kiwi savages yen  SYDNEY/WELLINGTON: The Australian and New Zealand dollars held close to multi-month highs against the greenback and the yen on Thursday in the wake of surprisingly aggressive stimulus steps by the Federal Reserve, and on expectations that Japan will follow soon.   The Aussie was firm at $1.0548, having climbed to a three-month high of $1.0585 in early trade. It briefly pierced key barriers at $1.0560, which prompted a wave of short-covering coupled with fresh long positions.   Traders cited large sell orders from managed funds between $1.0590-$1.0610 with major resistance seen at $1.0625, the high on Sept 14 and March 20.   "The Aussie remains very well bid with demand from corporate (accounts) and real money funds and it's going to be very hard going into year-end to be selling the Aussie given the negative carry," said a dealer at a European Bank.   Risk assets received a big lift after the Fed took the unprecedented step of ...

A$, NZ$ at multi-month peaks on USD and yen  SYDNEY/WELLINGTON: The Australian and New Zealand dollars stretched to multi-month highs on the greenback and yen on Wednesday on expectations of further stimulus in the United States and Japan.   The kiwi dollar rallied to 69.38 yen, its highest since October 2009, underpinned by a return of carry trades.    With the Bank of Japan under pressure to take bold action at next week's policy meeting, investors are keen to borrow in yen to buy higher yielding currencies.    Traders said ...
A$, NZ$ close to multi-week peaks on USD  SYDNEY/WELLINGTON: The Australian and New Zealand dollars held close to multi-week highs on Tuesday, drawing support from expectations of fresh US economic stimulus measures, though investors kept a wary eye on developments in Italian politics.   The Aussie paused at $1.0479, from $1.0485 early, having risen as high as $1.0506 overnight. It remained very close to an 11-week peak of $1.0515 set last week.   Investors were seen reluctant to take big bets ahead of a two-day US Federal ...
A$, NZ$ near multi-week peaks on USD  SYDNEY/WELLINGTON: The Australian and New Zealand dollars held close to multi-week highs on the greenback on Tuesday even as investors kept a wary eye on developments in Italian politics, having shrugged off China's weaker-than-expected trade figures.   Aussie a touch lower at $1.0472 vs $1.0485 early, having risen as high as $1.0506 overnight, very close to an 11-week peak of $1.0515 set last week.   Traders said Aussie hemmed in by central bank and option players on both sides ...
A$, NZ$ near 1-month highs on euro, China trade data eyed  SYDNEY/WELLINGTON: The Australian and New Zealand dollars held near one-month highs against the euro on Monday, as a gloomy European outlook and uncertainties about Italy weighed on the common currency, while investors were awaiting trade data from China.   Euro at A$1.2316, having slipped to A$1.2278, its lowest since Nov. 20. It struck a one-month peak of A$1.2544 last week.   A sustained break below A$1.2300 would be a bearish sign with bids around A$1.2250 forming initial support, ahead ...
Kiwi rallies to 1-mth high, RBNZ flags rising price pressures  SYDNEY/WELLINGTON: The New Zealand dollar hit a one-month high versus its US and Australian counterparts on Thursday after the Reserve Bank of New Zealand kept interest rates on hold but said it expected inflation pressures to pick up, suggesting more risk of a rate rise than a cut over time.   * Kiwi rallies as high as $0.8295 from around $0.8250 before the announcement, scaling its strongest since Nov. 7. By 2059 GMT, the currency had pulled ...
A$ shrugs off GDP data; NZD steady  SYDNEY/WELLINGTON: The Australian dollar held near two-month high against the US dollar on Wednesday, shrugging off slightly weaker-than-expected GDP data on top of an interest rate cut earlier in the week.   Aussie steady at $1.0470, having climbed to $1.0485 in offshore trade. A break above the Nov high of $1.0491 could see a test of $1.0520, the Sept 21 peak. Traders cite stops above $1.0520/30, with larger ones above $1.0570.   Long-term trendline found at $1.0565 and a ...

 



 
Index Closing Chg%
Arrow DJIA 17,409.00 1.31
Arrow Nasdaq 4,683.41 0.98
Arrow S&P 2,017.30 0.95
Arrow FTSE 6,810.60 0.22
Arrow DAX 10,737.87 0.25
Arrow CAC-40 4,631.43 0.44
Arrow Nikkei 17,606.22 1.06
Arrow H.Seng 24,595.85 1.07
Arrow Sensex 29,681.77 0.41






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln