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Australian & NZ dollars pare gains vs USD, strong against yen SYDNEY/WELLINGTON: The Australian and New Zealand dollars trimmed recent gains against their US counterpart on Tuesday but held their own versus the yen as yield-hungry investors piled into carry trades. The Aussie edged lower to $0.9096, from $0.9106 in early trade, but was still well off a three-month low of $0.8989 plumbed last week. Support was seen around $0.9065, with dealers citing good selling interest ahead of $0.9150. Technicals show the Aussie's downward trend was losing momentum as markets have pretty much priced in the risk of the Federal Reserve scaling back soon its bond-buying programme. The yen stole most of the action, closing in on its lowest in five years against the US dollar. With talk of less stimulus in Europe and the United States, Japan's ultra-loose monetary policy is encouraging investors to borrow at low rates in yen to buy higher-yielding currencies. The Aussie rose as far as ...

Euro advances as USD, yen stay out of favour SYDNEY: The euro stayed bid in Asia on Tuesday, having scaled a fresh five-year high on the yen and six-week peak against the dollar as expectations for further stimulus from the European Central Bank continued to fade.ECB Executive Board member Yves Mersch on Monday played down the prospect of following the Federal Reserve and Bank of Japan down the path of asset-purchases, saying such action poses immense challenges for the central bank.The euro last traded ...
Australian and NZ dollars get a lift from China data SYDNEY/WELLINGTON: The Australian and New Zealand dollars bounced on Monday after upbeat Chinese trade data and buoyant Asian shares lifted appetite for riskier assets such as commodity currencies. The Aussie rose as far as $0.9145 in early trade, well off a three-month low of $0.8989 plumbed last week. It was last at $0.9125, up 1.5 percent since Friday's low. Resistance was found at $0.9169 and then $0.9200. Much of the rise came after data released ...
Yen pummeled by BOJ speculation, upbeat US data SYDNEY: The yen remained on the backfoot early in Asia on Tuesday, having succumbed to further selling pressure on prospects of more stimulus from the Bank of Japan.The dollar hit a six-month high of 103.13 yen, while sterling scaled a five-year peak of 168.79 yen after sources at the Bank of Japan said the bank was looking at plans to expand its already massive stimulus program.Yet, one of the officials briefed on the central bank ...
Euro makes move on yen, China shares outperform SYDNEY: The euro raced to fresh highs on both the yen and US dollar on Wednesday, while Shanghai stocks shrugged off geopolitical concerns to outpace an otherwise lacklustre regional performance. European stocks were poised for a subdued start with financial spreadbetters expecting flat to small gains for Britain's FTSE 100, Germany's DAX and France's CAC 40. The single currency touched a four-year peak against the yen and a one-month high on the dollar as speculators ...
Australian and NZ dollars struggle, downside risks loom SYDNEY/WELLINGTON: The Australian and New Zealand dollars hovered just above multimonth lows on Wednesday and looked set to remain on the backfoot amid uncertainty over when the US Federal Reserve will start to wind back its stimulus programme. The Aussie stood at $0.9107, from $0.9133 early, after touching a three-month low of $0.9088 overnight. Appetite for the US dollar remained steady on speculation that the Fed will begin tapering some time early next year. "It ...
Australian dollar pinned near 3 month trough, NZD bounces off lows SYDNEY/WELLINGTON: The Australian dollar struggled near three-month lows on Monday, still feeling the heat from the Reserve Bank of Australia's recent intervention threat, while the New Zealand dollar managed to bounce off a multi-week trough. The Aussie was beaten across the board to be at 70.5 on a trade-weighted basis, the lowest since early September. Traders said the commodity currency could continue to struggle particularly if tensions between China and Japan grew. China at the ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln