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A$ & NZ$ hold near record highs vs euro, ECB eyed  SYDNEY/WELLINGTON: The Australian and New Zealand dollars held near record highs versus the euro on Thursday, ahead of a European Central Bank policy meeting where a cut to interest rates is widely expected to help spur a region facing the risk of a deep recession. The euro trades at A$1.2211, having come within a whisker of its February trough at A$1.2124 overnight. It buys NZ$1.5610, after falling to a lifetime low around NZ$1.5540. Market participants say the euro could fall further, particularly against the Antipodean currencies, if the ECB announces a bigger-than-expected rate cut later in the day, or delivers more stimulus that will help shore up risk sentiment. Against the greenback, the Aussie is at $1.0259, not far off a two-month peak of $1.0320 set overnight. The kiwi is at $0.8023, having touched a two-month high at $0.8065 Kiwi holds above key technical support at $0.8014, its 100-day moving average. Strong resistance is ...

A$ & NZ$ resilient ahead of RBA rate call  SYDNEY/WELLINGTON: The Australian and New Zealand dollars held firm on Tuesday in subdued trade as investors kept to the slidelines ahead of the outcome of the Reserve Bank of Australia's (RBA) policy meeting. RBA seen holding its 3.5 pct cash rate unchanged after back-to-back cuts, in contrast to the ECB and Fed, which face mounting pressure to act following recent dismal data. Decision due at 0430 GMT. The Aussie at $1.0264, vs $1.0242 in New York, not ...
A$ & NZ$ pause after rapid rally  SYDNEY/WELLINGTON: The Australian and New Zealand dollars succumbed to a bit of profit-taking on Monday, with the Aussie retreating from near two-month highs after having staged its biggest one-day rally in seven months. The Aussie at $1.0223 vs $1.0237 late in New York. It surged over 2 pct to as high as $1.0260 on Friday as markets cheered surprise progress in Europe's effort to resolve its debt crisis. Strong resistance seen around $1.0250/60, a level which has ...
Euro, commodity currencies hold gains; PMIs eyed  SYDNEY: The rally in the euro and high-beta currencies took a breather on Monday as investors looked for fresh reasons to extend a risk rally sparked by initial euphoria over perceived progress in efforts to resolve Europe's debt crisis. Having surged some 1.7 percent on Friday -- its best one-day gain in about eight months -- the single currency last traded at $1.2656, just a tad below a one-week peak of $1.2693. Markets cheered after euro zone ...
A$ & NZ$ stage surprise rally ahead of EU summit  SYDNEY/WELLINGTON: The Australian and New Zealand dollars hit four-month highs on the euro on Thursday just ahead of a crucial EU summit, and scaled a one-week peak against a broadly weaker greenback thanks in part to a short squeeze. The euro fell to A$1.2331 and NZ$1.5689 , before recovering some ground to last trade at A$1.2361 and NZ$1.5728, a touch softer on the day. Against the greenback, the Antipodean currencies climbed about 0.3 percent on the day ...
A$ & NZ$ struggle a bit, Europe worries persist  SYDNEY/WELLINGTON: The Australian and New Zealand dollars clung to overnight gains on Wednesday as Asian stocks came under pressure amid fading hopes that this week's EU summit will move the region a step closer to resolving its debt crisis. The Aussie dollar at $1.0049, retreating from a high of $1.0083 set overnight. Still, it remains off Monday's trough of $0.9969 on buying interest reportedly from sovereign and real money funds. Resistance seen around $1.0070/90, a band that ...
A$ & NZ$ find support against EU jitters  SYDNEY/WELLINGTON: The Australian and New Zealand dollars found a measure of support on Tuesday as exporter and fund bids helped blunt the latest bout of euro-zone anxiety in global markets, though the bias remained to the downside. The Aussie dollar was holding around $1.0030, having bounced from a trough of $0.9969 overnight. Aussie support seen at $0.9950 but resistance proving tough at $1.0035. New Zealand dollar edges up 0.4 percent to a session high $0.7904, breaking above ...

 



 
Index Closing Chg%
Arrow DJIA 16,974.31 0.18
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Arrow S&P 1,982.30 0.14
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Arrow Nikkei 15,553.91 1.46
Arrow H.Seng 23,819.87 1.27
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln