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Aussie & NZ dollars hold gains, Greek deal in focus WELLINGTON/SYDNEY: The Australian and New Zealand dollars stayed firm near multi-week highs on Monday, displaying yet again resilience to a cautious mood as Greece is still in negotiations to strike a crucial debt swap deal to avoid a messy default. The Aussie consolidated at $1.0486, against $1.0484 late in New York on Friday, having touched an 11-week peak of $1.0495 earlier in the session. Analysts cited chart resistance at $1.0496, a major retracement level, but said technicals pointed to a further uptrend for the currency, which gained nearly 2 percent last week. "Fundamentals like a weakening job market and a lessening of inflationary pressures don't seem to be impacting so far on the currency," said David Scutt, a trader at Arab Bank Australia. Scutt said the rise of the Aussie is due in part to a lack of alternatives that would offer high yields in a relatively limited risk environment. Australia is ...

Aussie & NZ dollars kept in check by stronger euro        WELLINGTON/SYDNEY: The Australian and New Zealand dollars struggled to extend gains on Friday as a broadly stronger euro triggered a wave of short covering sales on cross rates. The Aussie little changed at $1.0400 from  $1.0407 in New York, up 1.2 pct this week. Aussie held back by option expiries at $1.0400/10 and by euro/AUD short covering. Support seen at $1.0370, Thursday's daily low, with resistance at around $1.0450, the 11-week peak set on Tuesday. The NZ dollar steady ...
Euro enjoys short squeeze, Aussie eyes jobs data SYDNEY: The euro and commodity currencies got off to a positive start in Asia on Thursday, following solid gains overnight after news the IMF wanted to bolster its war chest to help tackle the euro zone debt crisis shored up risk sentiment. The euro rose as high as $1.2867, from $1.2855 late in New York, putting even more distance from a 16-month trough of $1.2624 plumbed at the start of the week. A break above the ...
Aussie & NZ dollars off highs on euro, EZ debt auctions eyed        SYDNEY: The Australian and New Zealand dollars held near record highs on the euro and nudged up on the greenback on Wednesday as investors were buoyed by a raft of upbeat data, ahead of European bond sales. While a broadly firmer euro held off recent lows against the Antipodean currencies, it still remained dangerously close. It inched up 0.2 percent to A$1.2275 on the Aussie, from an all-time trough of A$1.2222 hit offshore. Against the ...
Aussie & NZ dollars lifted by upbeat China data           WELLINGTON: The Australian and New Zealand dollars edged higher on the greenback on Tuesday after stronger-than-expected Chinese data eased fears of a hard landing, while they both tested fresh record highs on the euro. Aussie up 0.5 pct on the day at $1.0357, having risen to session high of $1.0368, after China Q4 GDP gained 8.9 pct, beating 8.7 pct forecast.. Heading into strong resistance at $1.0387, ahead of $1.0408, a 200-day moving average. NZ dollar ...
Aussie & NZ dollars resilient on USD, bonds in demand        WELLINGTON/SYDNEY: The Australian and New Zealand dollars showed resilience on the US dollar on Monday, following last week's raft of euro zone downgrades, while clocking new record highs on a broadly bruised euro. The Aussie was aided by demand for Australia's still triple-A rated debt, which saw hefty gains in bond futures. Australia is now one of only 14 countries with the top rating from S&P. Australian bond futures leap with the 3-year contract up 0.12 points ...
Euro defensive after mass ratings downgrades  SYDNEY: Euro eased in early Asian trade on Monday and looked set to stay under pressure following the credit ratings downgrade of several euro zone countries, including France, late last week by Standard & Poor's. Adding to the gloom, negotiations between Greece and private creditors on a debt swap deal broke down and markets are now worried the euro zone's bailout fund, ESFS, might lose its AAA rating with Standard and Poor's as well. The euro ...


Index Closing Chg%
Arrow DJIA 17,083.80 0.02
Arrow Nasdaq 4,472.11 0.04
Arrow S&P 1,987.98 0.05
Arrow FTSE 6,821.46 0.34
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Arrow Nikkei 15,284.42 0.29
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Arrow Sensex 26,271.85 0.48

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln