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WELLINGTON/SYDNEY: The Australian and New Zealand dollars lost a little ground as soft US data and a recession in Spain pushed equities back and soured risk sentiment ahead of a likely rate cut from the Reserve Bank of Australia's on Tuesday. * Aussie around $1.0429, from $1.0454 on Monday late local session. It has held largely within recent range, with support now seen at $1.0390 and resistance at $1.0475. * The RBA is considered almost certain to cut by at least 25 bps, while markets imply a one-in-four chance of a half-point easing. That is one reason Australian debt futures have been stellar-performers of late. * A cut of 50 bps would be a surprise and would likely see the Aussie gap lower, while a move of 25 bps is so fully priced it the currency could even edge higher. * Focus then on the statement for any hint of whether the RBA would ...

WELLINGTON/SYDNEY: The Australian and New Zealand dollars proved resilient to a surprise ratings downgrade for Spain on Friday with investors focused on Bank of Japan's policy decision. Investors waiting for Bank of Japan meeting outcome, which is expected to see an easing in monetary policy by increasing asset purchases by up to 10 trillion yen. The Australian dollar at $1.0377, little changed from Thursday's late local level as investors shrugged off another European sovereign downgrade. Aussie briefly ...
WELLINGTON/SYDNEY: The New Zealand dollar held its ground on Thursday as investors shrugged off another warning from a dovish Reserve Bank of New Zealand that it would reconsider its steady policy if the currency remains so strong. The Aussie was firm at $1.0373, holding gains after Fed Chairman Ben Bernanke said he would not hesitate to add more stimulus to the US economy if required. Although there was no hint of imminent action, the comment was enough ...
WELLINGTON/SYDNEY: The New Zealand dollar hopped briefly higher on Thursday amid a mild recovery in risk sentiment, even though the country's central bank warned that it could consider cutting interest rates if the currency remained so strong. * The New Zealand dollar initially jumped after the policy statement from the Reserve Bank of New Zealand was not as outright dovish as some investors had been positioned for, sparking a brief round of short-covering. * The kiwi hit ...
SYDNEY: The euro struggled to make much headway in Asia on Tuesday, having suffered a setback overnight on renewed worries about Europe's economic health and ahead of a bond sale in the Netherlands. The Netherlands, which Moody's says is facing a 'credit negative' event due to the collapse of the Dutch governing coalition, is scheduled to sell up to 2.5 billion euros of two- and 25-year bonds later in the day. The euro last stood at $1.3155, ...
WELLINGTON/SYDNEY: The Australian and New Zealand dollars were under pressure on Tuesday as political woes in Europe shook share markets, while investors awaited a reading on Australia inflation that could give the green light for a rate cut. * The Australian dollar at $1.0315, having traded between a 10-day low of $1.0272 to $1.0346 overnight. Near term support is at $1.0270 and then a solid level at $1.0226. Resistance at $1.0348. * The New Zealand dollar also ...
WELLINGTON/SYDNEY: The Australian and New Zealand dollars nudged lower on Monday as a very soft reading on producer inflation brought an Australian  rate cut closer while the market waited anxiously for a flash reading of China's manufacturing activity from HSBC. Eyes on China at 0230 GMT with HSBC China flash PMI for April after it disappointed in March. Any further drop from 48.3 would add to concerns about a hard landing and pressure the Aussie, which ...

 



 
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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln