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Aussie & kiwi dollars hold hefty gains, eye Fed QE  SYDNEY/WELLINGTON: The Australian and New Zealand dollar held near multi-week highs on Thursday, ahead of a US Federal Reserve's policy announcement which may propel the commodity currencies to new peaks.   * New Zealand dollar edges up to $0.8210, staying in reach of a five-month high of $0.8237 hit in offshore trade. Versus a currency basket, the kiwi pokes up to a three-week high.   * Kiwi offers little reaction to the Reserve Bank of New Zealand's widely expected decision to hold interest rates at 2.5 percent, though outgoing Governor Allan Bollard said that the strong currency undermined export earnings.   * Focus on whether kiwi can make a sustained break above $0.8224, the August peak, would pave the way for more gains. Traders suspect offers above $0.8230 will limit any upside in the near term.   * Aussie at $1.0481, having powered up to a three-week high of $1.0507 overnight. Traders say Aussie supported by funds selling ...

A$ & NZ$ resilience to be tested by events  SYDNEY/WELLINGTON: The Australian dollar eased a fraction on Tuesday as the market held its breath ahead of a ruling on the euro zone's bailout fund and a US Federal Reserve policy decision that could set the path for global markets for weeks to come. The Aussie marked time at $1.0328, from $1.0332 in New York and $1.0401 on Friday, its highest since Aug. 27.  Traders said weak Asian bourses and light profit-taking modestly weighed on the local ...
A$ & NZ$ pin hopes on global easing  WELLINGTON/SYDNEY: The Australian and New Zealand dollars held most of the hefty gains made in the past two sessions on Monday, as soft data in China and the United States fuelled hopes of more stimulus.  Profit-taking shaved the Aussie to $1.0355, from $1.0378 in early trade. But it is still up nearly two cents since it hit a two-month trough of $1.0165 last week, having risen as high as $1.0401 on Friday. The currency was weighed somewhat ...
Aussie & NZ dollars holds gains on global stimulus talk  WELLINGTON/SYDNEY: The Australian and New Zealand dollars were holding firm on the greenback on Monday following two sessions of sharp gains, with hopes for Chinese stimulus offsetting more soft data there while global markets looked for further easing in the US * The Antipodeans got a lift in offshore trade on Friday after US jobs for August hardened expectations that the Federal Reserve will inject more stimulus into the sluggish economy at its policy meeting this ...
SYDNEY: The euro hovered near four-month highs on Monday, while commodity currencies also held firm after soft data in the United States and China reinforced hopes of more stimulus from the world's two biggest economies. The single currency, already bolstered by the European Central Bank's plan to help lower borrowing costs for stressed members, stood at $1.2802, having rallied more than 1 percent on Friday to a high of $1.2815. Traders said the break of the June ...
A$ pinned near 6-week lows, healthy GDP no help  WELLINGTON/SYDNEY: The Australian and New Zealand dollars were pinned near six-week lows on Wednesday, weighed by tumbling commodity prices and a slowdown in China even as data showed the Australian economy grew at a healthy pace last quarter. Gross domestic product (GDP) rose 0.6 pct in Q2, moderating from the previous quarter when it jumped an exceptional 1.4 pct. That left GDP up a brisk 3.7 pct compared to the second quarter of 2011. Yet, Aussie remains ...
Aussie & NZ dollars pressured, rate cut seen looming  WELLINGTON/SYDNEY: The Australian and New Zealand dollars were under pressure near six-week lows on Wednesday as speculation mounted the Reserve Bank of Australia (RBA) was ready to cut interest rates to cushion the economy from falling commodity prices. While the central bank held rates steady at 3.5 pct at its September meeting on Tuesday, talk is rife it is prepared to cut next month given plunging iron ore prices and concerns about a slowdown in China, ...

 



 
Index Closing Chg%
Arrow DJIA 18,135.72 0.21
Arrow Nasdaq 4,982.81 0.32
Arrow S&P 2,101.04 0.12
Arrow FTSE 6,961.14 0.6
Arrow DAX 11,504.01 1.00
Arrow CAC-40 4,963.51 0.94
Arrow Nikkei 18,751.84 0.26
Arrow H.Seng 24,193.04 1.11
Arrow Sensex 29,448.95 0.23







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln