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WELLINGTON/SYDNEY: The Australian and New Zealand dollars bounced on Monday as opinion polls showing a lead for Greece's pro-bailout camps helped ease risk aversion and triggered short-covering on the hope Greece may avoid a messy euro zone exit. The Aussie jumped 1 percent on the day to a one-week high of $0.9871, adding more distance from a six-month low of $0.9690 set last week. It was last at $0.9867 and looked poised to test last week's high of $0.9935. The Australian dollar fell below $1.00 on May 14, ending its longest stretch in its history above parity. Traders said markets were looking for an excuse to go higher after recent hefty losses of high-beta currencies. "I am not surprised at all by the price action, we need a few days of correction," said a trader at a European bank in Singapore. The risk rally was supported by real money accounts buying the currency and strong ...

WELLINGTON/SYDNEY: The Australian and New Zealand dollars held above four-month lows versus the US dollar on Friday, but investors were cautious ahead of China's retail sales data. Aussie edges lower to $1.0057 from $1.0092 in NY, having touched a high of $1.0144 on Thursday after upbeat jobs data. Aussie down 3.6 pct this month and a breach of key support at around $1.0040 would open the way to parity. It touched a low of $1.0021 this week. Kiwi ...
WELLINGTON/SYDNEY: The Australian dollar staged a bit of a bounce on Thursday after a surprisingly upbeat jobs report eased expectations of deep cuts to interest rates, but risk sentiment remained fragile due to uncertainty in the euro zone. Aussie jumps more than half a cent to $1.0120 after Australian employment far outpaced expectations by adding 15,500 in April. Unemployment rate surprisingly dips to 4.9 pct vs forecasts of a rise to 5.3 pct. Markets widen the odds ...
WELLINGTON/SYDNEY: The Australian and New Zealand dollars plumbed their weakest against the greenback in roughly four months on Thursday, stung by weakness in the euro as growing political uncertainty in Greece threatened the country's debt bailout plan. * Aussie falls to $1.0021 in offshore trade, its lowest since Dec. 20, before trimming some losses to trade at $1.0040 early in local session. * The kiwi skids to $0.7813, its weakest since early January. It too trimmed losses ...
WELLINGTON/SYDNEY: The Australian and New Zealand dollars clawed back from four-month lows against the US dollar on Tuesday, but investors were wary of risk given the political uncertainty in the euro zone and the prospect of resistance to austerity measures. * The Aussie trades at $1.0200, pulling back from $1.0110 hit on Monday, its weakest level of the year. The Australian currency rose after trading around $1.0140 late in local trade on Monday. * The kiwi trades ...
WELLINGTON/SYDNEY: The Australian and New Zealand dollars hit four-month lows against the greenback on Monday, tracking a broadly weak euro after elections in France and Greece raised speculation of political obstacles in passing future euro zone austerity measures. * Aussie falls to $1.0151, retreating from $1.0256 in late local trade on Friday to hit its weakest since Jan. 9. The New Zealand dollar slides to $0.7924 from around $0.8000 late on Friday, reaching its lowest since ...
WELLINGTON/SYDNEY: The New Zealand dollar slipped on Thursday after an unexpected jump in the country's jobless rate prompted markets to price in the risk of an interest rate cut, while jitters about the global economic recovery kept the Australian dollar pinned down. The kiwi fell nearly half a percent to a low of $0.8040, its weakest since late January, after data showed New Zealand's unemployment rate rose to 6.7 percent in the first quarter, from 6.3 ...

 



 
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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 $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln