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Australia & NZ dollars hit multi-month lows after Fed statement SYDNEY/WELLINGTON: The Australian and New Zealand dollars skidded to multi-month lows on Thursday as the Federal Reserve's outlook for raising rates underlined the diverging path between the United States and most developed economies, pushing the greenback higher. The Australian dollar was at $0.8960, having lost 1.5 percent overnight, its largest daily drop in more than a year. The currency dropped as far as $0.8939, the lowest in six months. It has slumped more than 4 cents in two weeks. Solid support was found at $0.8916, the March 3 low, but a break could open the way to $0.8660, the 2014 trough. "There have been three broad influences over the past fortnight serving to push the Aussie dollar lower," said Savanth Sebastian, an economist at CommSec, citing lower commodity prices, recent softness of Chinese economic data and a stronger US dollar on speculation about when US rate hikes will begin. The ...

Dollar on edge as Fed language eyed, Aussie surges SYDNEY: The US dollar nursed modest losses early on Wednesday, having suffered an unexpected setback as jitters mounted hours before the Federal Reserve offers its latest guidance on interest rates. Traders said sellers emerged after the Wall Street Journal's Fed watcher said the US central bank may keep the words "considerable time" in its policy statement following the Sept 16-17 meeting. Markets have been bracing for a more hawkish tone and many were looking for ...
Australian & NZ dollars lifted by swings in Fed speculation SYDNEY/WELLINGTON: The Australian and New Zealand dollars regained some ground on Wednesday on speculation the US Federal Reserve would maintain a pledge on low rates when a two-day policy meeting ends later in the session. The Australian dollar was last at $0.9071, having rallied nearly 1 percent to a peak of $0.9113 on Tuesday, a recovery from a recent 4-percent slide. The Aussie touched a six-month trough of $0.8984 Monday. Much of the surge came ...
Aussie back under pressure, Swedish crown recovers LONDON: A renewed drop in the Australian dollar was the main move on major currency markets on Tuesday, with the dollar, euro and yen steady before potentially more dramatic events later in the week.The Swedish crown, driven to a two-year low after weekend elections pointed to a left-leaning government, recovered around a third of a percent while sterling fell back ahead of Thursday's referendum on Scottish independence.The Aussie, generally more resistant since hitting an almost ...
Australia & NZ dollars bounce off multi-month lows, but vulnerable WELLINGTON/SYDNEY: The Australian and New Zealand dollars rebounded from multi-month lows on Tuesday after recent sharp losses left the currencies overstretched, with investors cautious ahead of a Federal Reserve policy meeting. The Australian dollar bounced to $0.9042, having been as deep as $0.8984.That was the lowest since March and a major support level as it marks the 61.8 percent retracement of the rally from $0.8660 in January to $0.9505 in July. The rebound came as ...
Australia & NZ dollars hit multi-month lows on China worries WELLINGTON/SYDNEY: The Australian and New Zealand dollars slipped to multi-month lows on Monday after a set of disappointing Chinese data encouraged investors to further unwind carry trades. The Australian dollar fell as far as $0.8999, its weakest since late March to be last at $0.9012. It has tumbled four cents in 10 days, mostly due to a rising US dollar as the market seemed to be repricing the risk the Fed could take a more ...
Aussie dollar bears emboldened by China data, others calmer SYDNEY: The Australian dollar slid to a six-month low on Monday as worries about slower Chinese growth hit a nerve, but other major currencies held their ground ahead of this week's Federal Reserve policy meeting. Investors took aim at the Aussie, usually used as a liquid proxy for China plays, after data on Saturday showed factory output in Asia's economic powerhouse grew at the weakest pace in nearly six years in August.Growth in other key ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln