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Australian & NZ dollars recover from lows as risk appetite improves WELLINGTON/SYDNEY: The Australian and New Zealand dollars were off lows on Monday, as appetite for risk grew following a slight easing in the Ukraine-Russia conflict, while optimism over the outlook for China's economy underpinned demand. The Australian dollar nudged up to $0.9278, from a two-month low of $0.9229 set on Friday. It managed to recover some ground against the yen at 94.75 yen, having sunk nearly one yen during Friday to touch 93.88, the lowest since late May. "Previous flare-ups of geopolitical tensions have failed to leave a lasting impact on the currency," said Will Richardson, a strategist at Macquarie Bank, seeing offers at $0.9310 ahead of $0.9370/80. The Aussie has shown a noteworthy resilience, having fallen a moderate 0.4 percent last week in spite of a shock jump in unemployment and a downgrade in the central bank's forecasts for economic growth. The latest reprieve for the Aussie came as ...

Australian, New Zealand dollar hit by risk aversion WELLINGTON/SYDNEY: The Australian and New Zealand dollars were on the defensive on Friday, while bonds rallied sharply as news U.S. President Barack Obama had sanctioned air strikes in Iraq drove investors to seek safe-haven assets.The main move came in the safe-haven yen which climbed across the board and knocked the Aussie down to a 10-week trough of 93.88 yen.The Australian dollar also slipped as far as $0.9240, its weakest since early June, from $0.9269 in ...
Australian dollar slides as jump in unemployment sparks rate cut talk WELLINGTON/SYDNEY: The Australia dollar tumbled on Thursday after a surprisingly weak jobs report cast doubt on market perceptions the Reserve Bank of Australia was done cutting rates. The Australian dollar slipped more than half a cent to $0.9283, nearing a two-month trough of $0.9275 touched last week. Technicals suggest a break would target $0.9205/10. The Aussie also lost around 0.8 percent against the euro, pound and yen.Australian employment dipped 300 in July, while the jobless ...
Dollar regains momentum on upbeat data, euro skids SYDNEY: The dollar held near an 11-month high against a basket of major currencies early on Wednesday, having got a second wind after upbeat US data bolstered expectations of solid economic growth in the third quarter. The dollar index was last at 81.537, not far from the overnight peak of 81.626. The euro languished at $1.3370, having plumbed a nine-month trough of $1.3358. Data on Tuesday showed US services sector activity hit an 8-1/2 year ...
New Zealand dollar soured by sliding dairy prices, Aussie pressured WELLINGTON/SYDNEY: The New Zealand dollar skidded to two-month lows on Wednesday following another decline in dairy prices and a mixed jobs report, dragging the Australian dollar lower.The kiwi fell as far as $0.8425, from around $0.8525 at the end of the local session on Tuesday.It was last at $0.8428. Milk prices fell 8.4 percent in dairy giant Fonterra's latest auction, taking the decline to 41 percent since the peak in February and raising risks of ...
Australian dollar holds firm after no surprises from RBA WELLINGTON/SYDNEY: The Australian dollar held its ground on Tuesday after the Reserve Bank of Australia's (RBA) said the currency was high historically, but refrained from actively talking it down as some market watchers had speculated. The Aussie was a shade firmer at $0.9335, versus$0.9330 in early trade, having bounced from a two-month low of $0.9275 set last week. It was, however, still stuck in a familiar $0.9200-$0.9500 band, a range it has been unable to ...
Australian dollar cautious ahead of RBA, NZ dollar steady WELLINGTON/SYDNEY: The Australia and New Zealand dollars were marking time on Tuesday, with markets awaiting the outcome of the Reserve Bank of Australia's (RBA) monthly policy meeting. The central bank is considered certain to hold rates steady at a record low of 2.5 percent, but may take the opportunity to try and talk the Aussie lower.The local currency is up 4.5 percent so far this year. The Australian dollar edged down to $0.9320, from $0.9331 ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln