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A$ restrained after soft retail data; NZD firm  SYDNEY/WELLINGTON: The Australian dollar had a subdued tone on Wednesday after surprisingly weak retail sales data prompted markets to slightly narrow the odds of further interest rate cuts, while the New Zealand dollar held firm.  The Aussie initially climbed as far as $1.5023 before easing back to $1.0495 after data showed retail sales fell 0.1 pct in November, confounding forecasts of a 0.3 percent rise.   The weak reading caused swap markets to increase the probability of a quarter point cut to a record low of 2.75 percent in February to around 40 percent from 35 percent.   "The risk is the RBA cuts earlier and deeper than our current cash rate forecast of one more cut in May," said Rob Henderson, chief economist at National Australia Bank.   The Reserve Bank of Australia (RBA) eased by 125 basis points last year to lessen a painful strong currency and stimulate a slowing economy, while inflation remains ...

A$, NZ$ dollars edge off highs; trade deficit widens  SYDNEY/WELLINGTON: The Australian and New Zealand dollars slipped against the US dollar on Tuesday, and ran into profit-taking on the yen as a two-percent gain in one week left the currencies ripe for a small correction.    The Aussie dipped to $1.0477, from $1.0504 early, as it met technical resistance, but remained within striking distance of a three-month peak of $1.0585 hit in December.   "We have been struggling in the past three days above $1.0500 where there are ...
A$, NZ$ scale fresh 4-year peaks on yen, firm vs USD  SYDNEY/WELLINGTON: The Australian and New Zealand dollars powered to fresh four-year peaks against the yen on Monday, underpinned by a return to carry trades, while both currencies held firm versus their US counterpart.   The Aussie soared as far as 92.83 yen, its highest since September 2008, showing a gain of 2.4 percent since last week. It has risen nearly 10 percent in the past two months on expectations of much more aggressive monetary easing in Japan.   The ...
A$, NZ$ fly on US fiscal deal, bonds dive  SYDNEY: The Australian and New Zealand dollars scaled four-year peaks against the yen and leaped on their US counterpart on Wednesday after the last minute approval of a US fiscal deal dodged one major danger to the global economy.   The Aussie surged to $1.0495, after breaking key resistance levels, including $1.0435, the 38.2 percent retracement of the $1.0585/$1.0345 move.   It was up nearly two cents from late trading in New York on Monday and approaching a three-month ...
A$, NZ$ gain on yen, but lose out to euro  SYDNEY/WELLINGTON: The Australian and New Zealand dollars pushed closer to multi-year peaks on a floundering yen on Thursday, but were outpaced by the euro and US dollar as Japan's new government vowed to weaken its currency.   The market has been selling yen in expectation that Prime Minister Shinzo Abe will force the Bank of Japan into taking far more aggressive policy stimulus that in the past. But investors have seen greater scope for gains by the ...
A$, NZ$ slip on euro & USD, but firm on yen  WELLINGTON/SYDNEY: The Australian and New Zealand dollars lost some ground against the euro and US dollar on Wednesday, but held near multi-year peaks against the yen on expectations the Bank of Japan will ease policy aggressively later this week.   The euro climbed to two-month highs of A$1.2602 and two-week peaks of NZ$1.5800 on tentative signs of progress in the US fiscal talks.   "There is a lot of optimism about Europe with Greece getting a six-notch ratings upgrade ...
A$, NZ$ maintain edge over yen, steady vs USD  WELLINGTON/SYDNEY: The Australian and New Zealand dollars held firm against the yen on Tuesday, with the kiwi within easy reach of a four-year peak, as pressure grew for the Bank of Japan to ease policy aggressively Later this week.   The Aussie bought 88.58 yen, having scaled a 19-month peak around 89.01 a day earlier, while the kiwi fetched 70.91, not far off a four-year high around 71.36 set Monday.   Responding to pressure from next Prime Minister Shinzo ...

 



 
Index Closing Chg%
Arrow DJIA 18,096.90 0.58
Arrow Nasdaq 4,967.14 0.26
Arrow S&P 2,098.53 0.44
Arrow FTSE 6,919.24 0.44
Arrow DAX 11,390.38 0.98
Arrow CAC-40 4,917.35 0.99
Arrow Nikkei 18,703.60 0.59
Arrow H.Seng 24,465.38 0.96
Arrow Sensex 29,380.73 0.72







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln