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Australian dollar at 2-1/2 month high vs weak US dollar  LONDON: The Australian dollar rose to a 2-1/2 month high against the US dollar, which hit a two-week low against a basket of currencies on Thursday as gains in equities encouraged buying of riskier and higher-yielding currencies. Traders also cited talk of central bank demand to diverisfy assets into the Australian dollar due to its higher yield and relatively solid economic fundamentals. The Australian dollar rose to $1.0416, its strongest since early May. The dollar index fell to a two-week low of 83.002 as better risk appetite prompted investors to turn away from the safe-haven currency. Copyright Reuters, 2012 ...

Racy A$ hits record high vs euro, 10-week top on USD  WELLINGTON/SYDNEY: The Australian dollar hovered near record highs against the euro and a 10-week peak against the greenback on Thursday as it found favour with investors seeking yield and safety, leaving its New Zealand counterpart trailing. The Aussie rises to $1.0399, its highest since May 1, from $1.0359 in early trade. It easily tripped stops at $1.0380 and has gained 1.5 pct so far this week supported by desperate search for yields. Stronger Asian equities led by ...
A$ & NZ$ firm, eyes on North Korea  WELLINGTON/SYDNEY: The Australian dollar stood near two-week highs against the US dollar and flirted with a record peak against the euro on Wednesday, helped by strong results by mining giant BHP Billiton. The Aussie firm at $1.0300 against $1.0292 in late Tuesday local trade, having briefly touched $1.0326 earlier. It lost around 10 pips after nuclear power North Korea said it would issue "an important report" at 0300 GMT without giving more details. Some talk North Korea might ...
A$ perkier after RBA minutes, kiwi weighed by CPI  WELLINGTON/SYDNEY: The Australian dollar rose to a near two-week high versus the greenback on Tuesday, and outperformed its New Zealand peer, after minutes of the Reserve Bank of Australia's July meeting suggested it was in no hurry to cut interest rates. Aussie last at $1.0293, having risen as high as $1.0304 after the RBA minutes revealed policymakers saw "no need" to cut interest rates this month. Resistance now seen at the July peak of $1.0330, with support ...
A$ & NZ$ buoyant as China risk fades for now  WELLINGTON/SYDNEY: The Australian and New Zealand dollars held firm on Monday, underpinned by improved risk appetite as the gloom surrounding China's economic outlook lifted slightly following second quarter growth data late last week. The Aussie last at $1.0227, having risen as high as $1.0257 in early trade, extending Friday's 1 pct rally. Aussie seen capped by last week's high around $1.0282, with immediate support around $1.0210/20. The New Zealand dollar little changed on the day at $0.7963, holding ...
Aussie dollar slips on weak Australian jobs data  SINGAPORE: The Australian dollar fell on Thursday after data showed a surprise drop in Australian employment in June, adding to concerns about the Australian economy's outlook amid a slowdown in China and other parts of the world. The Australian dollar was last down 0.5 percent from late US trade on Wednesday at $1.0198, having stood at around $1.0240 just before the data was released. Copyright Reuters, 2012 ...
A$ & NZ$ buoyed vs euro; subdued on USD  SYDNEY/WELLINGTON: The Australian dollar held near lifetime highs against the euro on Wednesday, which stayed under broad pressure partly on worries a German court challenge to the euro zone bailout fund may delay aid to indebted countries. The euro buys A$1.2025, having fallen over a cent to as deep as A$1.1974 overnight. It has lost nearly 3 percent so far this month. Against the kiwi, it fetches NZ$1.5423, near the record trough of NZ$1.5341 set Monday. Versus ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln