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Aussie dollar hits 2-week highs vs USD, kiwi also firmer  WELLINGTON/SYDNEY: The Australian dollar hit two-week highs against the greenback on Wednesday, while its New Zealand counterpart also gained ground thanks to buoyant risk appetite after Moody's maintained its investment grade rating on Spain.   Traders said there was some relief that Spain was not downgraded to junk status and optimism was growing that Madrid is moving closer to addressing its debt woes.   That saw the euro rise against the dollar, which in turn helped lift the Antipodean currencies. Stock markets across Asia were also firmer, reflecting the improved risk appetite.   "That's usually good for the Aussie and kiwi as well," said Joseph Capurso, a strategist at Commonwealth Bank.   The Aussie dollar rose as far as $1.0324 -- a high not seen since Oct 2 -- before relinquishing a bit of ground to last stand at $1.0307, up roughly 0.1 percent on the day.   Immediate resistance is seen around $1.0325/30, a level that had previously provided ...

NZD tempered by tame inflation, A$ unruffled by RBA  WELLINGTON/SYDNEY: The New Zealand dollar slipped on Tuesday and underperformed its Australian peer after a surprisingly low reading on inflation juiced rate cut speculation, though most analysts still see steady policy in New Zealand for a long time to come.   The kiwi plumbed a session low of $0.8138 after data showed annual inflation slowed to just 0.8 percent in the third quarter, less than forecasts for 1.1 percent and below the RBNZ's target band of 1 ...
Aussie & NZ dollars find support, China data looms  WELLINGTON/SYDNEY: The Australian and New Zealand dollars inched higher on Friday after Singapore's central bank surprised markets by sounding more upbeat on its economy than many had feared, enough to skip a chance to ease policy.   Singapore also managed to dodge a technical recession with upward revisions to growth, which combined to lift the Singapore dollar while knocking the US dollar down across the board.   That helped the Australian dollar Aussie nudge up to $1.0271, from an ...
Aussie gets lift from job data, kiwi softer  WELLINGTON/SYDNEY: The Australian dollar gained on the greenback on Thursday as a strong employment gain was matched by more people looking for work sending the jobless rate to a two-year high, keeping expectations for lower rates in Australia in play.   Australian employment easily beat expectations, rising 14,500 vs forecasts for 3,750 jobs. But jobless rate surprised by rising to 5.4 pct, highest since April 2010, from 5.1 pct in August and above forecasts of 5.3pc.   The Aussie ...
Aussie & NZ dollar bounce on euro, bonds in demand  WELLINGTON/SYDNEY: The Australian and New Zealand dollars bounced on the euro on Wednesday and held off lows against the US dollar, with a whopping sale of Australian long-dated bonds helping attract demand.   The Antipodeans regained some ground against a soggy euro with the Aussie rising to a one-week high of A$1.2563 , moving away from four-month lows hit last week.    The euro was undermined by large liquidations of long euro positions as uncertainties about Spain and Greece ...
Aussie & NZ dollars bounce off multi-month lows WELLINGTON/SYDNEY: The Australian and New Zealand dollars recovered a bit of ground on Tuesday, helped by profit-taking and a bounce in Chinese stocks, though the mood remained fragile on global growth worries and subdued economic data in Australia.   The Aussie gained half a cent to $1.0245, from $1.0196 in early trade, boosted by short-covering following a fall to $1.0149 on Monday, its weakest since mid-July.   Traders cited active participation from model funds who are big buyers on ...
Aussie & kiwi dollars near multi-week lows, fragile mood  WELLINGTON/SYDNEY: The Australian and New Zealand dollars traded with a heavy tone near multi-week lows on Monday and looked vulnerable amid persistent concerns about the outlook for the global economy despite better-than-expected US jobs data last week.   The market was generally subdued with Japan and the United States shut for a holiday and China returning from a week-long break.   The Aussie was nursing hefty losses at $1.0165, having dipped as low as $1.0150, its weakest in nearly ...

 



 
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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