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A$ & NZ$ mark time; mood cautious  WELLINGTON/SYDNEY, June 14 (Reuters) - The Australian and New Zealand dollars bided their time on Thursday as investors were in a cautious mood after a ratings downgrade for Spain and ahead of a Greek election this weekend. Aussie last at $0.9940, having retreated from a high of $1.0004 set on Wednesday. It is stuck in a slim range of $0.9931 and $0.9955 so far this session. Support is seen at $0.9847, the 38.2 pct retracement of its June rally. The kiwi holds around $0.7757, having touched a four-week high of $0.7810 overnight and a low of $0.7730 just before a New Zealand central bank rate decision. Near-term support seen at $0.7726, with $0.7813 likely to cap the topside. The RBNZ leaves rates at a record low 2.5 percent, as expected, for a 10th consecutive review. The bank implies rates are likely on hold well into next year because of a tepid domestic economic ...

A$ & NZ$ edge away from resistance  WELLINGTON/SYDNEY: The Australian and New Zealand dollars inched backwards on Wednesday as Asian investors proved unwilling to test major chart resistance while the European crisis remained so uncertain. The Aussie was trading at $0.9935 midday, up a third of cent on Tuesday but off an early peak of $0.9970. The currency has repeatedly failed to break above $1.0010/35 resistance in recent days, leaving bulls cautious. NZ dollar settles around $0.7760, having touched a four-week high of $0.7789 ...
A$ & NZ$ stung by market mood swing  WELLINGTON/SYDNEY: The Australian and New Zealand dollars were nursing losses on Tuesday after the market's reception to Spain's bank bailout soured all too quickly, pulling down global equities and bond yields. Australian economic news also breaks the recent strong run with NAB's survey of businesses showing a slide in conditions and confidence in May, largely due to external concerns . Aussie off at $0.9890, having shed 1 percent overnight from a high of $1.0010, though dealers did ...
A$, NZ$ bolstered after Spain gets bank aid  WELLINGTON/SYDNEY: The Australian and New Zealand dollars mostly held gains against the greenback on Monday after risk sentiment was boosted by China's trade data and Spain secured up to 100 billion euros to bailout its ailing banks. Spain on Sunday became the fourth euro zone country to seek international aid in the two-and-a-half-year debt crisis, joining Greece, Portugal and Ireland. That helps risk assets such as the high yielding Antipodean currencies. The Aussie off highs, holding around ...
A$ jumps on strong jobs data, nears parity with USD  WELLINGTON/SYDNEY: The Australian dollar climbed to three-week highs on Thursday, boosted by strong domestic jobs data which suggest the country's economy may be in better shape than many had thought. The Aussie jumps 0.4 percent on the day to $0.9967, its highest since mid-May, after Australia posted an unexpected rise in employment for May. The New Zealand dollar edges up to a three-week high of $0.7717, supported by strength in the Aussie, while the high-beta currency was ...
A$, NZ$ power up on strong GDP  WELLINGTON/SYDNEY: The Aussie dollar jumped one percent against the US dollar and yen on Wednesday, bolstered by surprisingly strong economic growth data that may lessen the need for further deep interest rate cuts. The robust data pulled the New Zealand dollar higher. The Australian dollar leaps as high as $0.9853, from $0.9743 in NY, last trades at $0.9848. Against the safe-haven yen, it jumps nearly one yen to 77.50 yen, from 76.63. Aussie up 1 pct on ...
A$, NZ$ in the doldrums, RBA seen easing again  SYDNEY: The Australian and New Zealand dollars wallowed near multi-month lows on Monday as a rout in Asian stocks added to jitters in a market already fretting about Europe's debt crisis and slower global growth. The Aussie dipped 0.4 percent on the day to $0.9654, edging closer to eight-month lows of $0.9581 hit on Friday. It fell as deep as $0.9627 after small stops below $0.9645 were triggered with moving-average studies suggesting more downwards pressure ahead. For now, ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln