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Australia dollar shines after upbeat data, NZ dollar struggles SYDNEY/WELLINGTON: The Australian dollar received a fillip on Thursday from upbeat data in Australia and China, while the New Zealand dollar still nursed losses following a threat of intervention by the Reserve Bank of New Zealand. The Aussie rose half a cent to $0.9374, though it faces tough resistance at $0.9400, the 76.4 percent retracement of the April-May fall. It was pulling closer to this year's peak of $0.9461, having gained 5 percent since Jan. 1. The move higher came after China's trade numbers beat expectations, with exports rising 0.9 percent on the year in April. Imports from Australia grew almost 18 percent in April from a year earlier. The Aussie had already received a leg up on a solid labour report at home. Australian jobs growth outpaced expectations for a third month running in April and helped keep the jobless rate from rising. The outcome will be welcomed by ...

Kiwi rattled by central bank warning, dollar steadies LONDON: The New Zealand dollar was the main mover on developed currency markets overnight, falling more than half a cent after its central bank warned it could intervene against a currency boosted by rises in official interest rates. The Reserve Bank of New Zealand has led its peers this year in raising interest rates, driving a 13 percent rally for the kiwi against the US dollar since last August. The US dollar's failure so far ...
Dollar wallowing close to recent lows as Yellen awaited TOKYO/SYDNEY: The US dollar languished close to six-month lows against a basket of major currencies on Wednesday, as investors braced for the possibility that dovish comments from Federal Reserve Chair Janet Yellen could further undermine the greenback.Yellen is widely expected to hammer home the Fed's dovish position at her congressional hearings on Wednesday and Thursday, even after last Friday's upbeat US payrolls report."She might be more confident about the US labor market, but I think ...
RBNZ jawboning hurts kiwi dollar, Australian dollar holds gains SYDNEY/WELLINGTON: The recent ascent of the New Zealand dollar was rudely interrupted on Wednesday after the country's central bank warned it might intervene to drag it lower, giving the Australian dollar a leg up through key resistance. The kiwi stumbled half a percent to $0.8689 after Reserve Bank Governor Graeme Wheeler said the bank could sell the currency if it stayed strong in the face of worsening economic fundamentals, such as a further fall in ...
Australia & NZ dollars firm, RBA steady as she goes SYDNEY/WELLINGTON: The Australian and New Zealand dollars were firm on Tuesday after Australia's central bank left interest rates unchanged, reiterating its outlook was for a period of steady policy. The Aussie briefly rose to $0.9318 when the Reserve Bank of Australia (RBA) held off from grumbling over the currency's strength, but it quickly faded back to $0.9275. The Aussie has gained 4 percent so far this year.The central bank kept its main cash rate at ...
Australia & NZ dollars firm, RBA eyed SYDNEY/WELLINGTON: The Australian and New Zealand dollars were firm on Tuesday with investors focused on a policy review by the Reserve Bank of Australia which is expected to signal a further period of steady rates. The Aussie edged up to $0.9288, from $0.9270 in early trade. was found at $0.9252, Monday's low, with resistance at $0.9332, a key retracement level. Against the yen, it bounced off a five-week low of 94.22 to last trade at ...
Dollar steadier after post-jobs volatility; Ukraine in focus SYDNEY: The dollar got off to a cautious start on Monday having staged a curious reversal late last week that saw it erase all of the gains sparked by a strong payrolls report. Data on Friday showed US employers hired workers at the fastest clip in more than two years in April, pointing to a rebound in economic growth after a severe winter. The dollar index initially rallied to a high of 79.852, only to ...


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