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Aussie & NZ dollars near multi-month highs on yen        WELLINGTON/SYDNEY: The Australian and New Zealand dollars held near multi-month highs versus the yen on Monday, supported by broad weakness in the Japanese currency amid rising oil prices. The Antipodean currencies could be poised for more gains versus the yen, and maybe the US dollar this week, if the European Central Bank's latest cash injection on Wednesday draws strong demand and eases liquidity constraints in the region. The Aussie soared as far as 87.41 yen, its highest since early July, before trimming gains to 86.61 yen. The New Zealand dollar rallied to around 68.25 yen, its strongest in nearly seven months. Against the US dollar, the Aussie was little changed at $1.0687, still short of a six-month high of $1.0845 hit earlier this month. The New Zealand dollar was flat on the day at $0.8350. Many in the market see the possibility the kiwi could push above $0.8429, which would take it to its ...

Aussie edges up on RBA comments, firmer euro           WELLINGTON/SYDNEY: The Australian dollar edged up on Friday after Reserve Bank of Australia (RBA) Governor Glenn Stevens said monetary policy was "broadly neutral" for the moment, stoking speculation the central bank may hold off from cutting interest rates in the coming months. The Aussie rises around 0.3 percent to the day's high of $1.0740 as Steven's comments prompt some in the market to speculate the RBA may hold interest rates at 4.25 percent for the near ...
Aussie & NZ dollars out of puff as risk sentiment fades           WELLINGTON/SYDNEY: The Australian and New Zealand dollars nursed losses on Thursday as weak Asian stocks and data showing the euro zone may be sliding toward recession dented risk appetite. The Australian dollar sluggish at $1.0618, from $1.0639 in NY, having plumbed a two-week trough at $1.0605 overnight. Support seen at $1.0600 with charts pointing south. Dealers cite option related buyers ahead of $1.0600 and stops eyed below. Resistance found at $1.0655/60 with sellers sighted between $1.0680-$1.0700. ...
Aussie & NZ dollars off highs, stuck in Greek limbo  WELLINGTON/SYDNEY: The New Zealand and Australian dollars marked time on Tuesday just below recent highs as markets waited, and waited, for the outcome of a meeting to seal a second bailout package for Greece. * The Aussie at $1.0750 against Monday's late local level of $1.0769. In subdued trading overnight it ranged $1.0747 to $1.0796, after it had reached a one-week high of $1.0817. * Aussie still seen headed higher, but local trade likely to see more ...
New Zealand dollar breaks above key resistance, hits 5 1/2-month high        WELLINGTON: The New Zealand dollar hit a 5 1/2-month high against the US dollar on Monday, breaking above a key resistance level due to broad demand for riskier currencies. The kiwi rose as high as $0.8429, its highest since early September, breaking above a previous high of $0.8422 hit last week, a level which had capped gains in previous sessions. The New Zealand dollar rallied broadly, hitting multi-month highs versus a trade weighted currency basket. Traders ...
Aussie & NZ dollars power up on yen & USD           WELLINGTON/SYDNEY: The Australian and New Zealand dollars flew higher on their US counterpart and yen on Monday, as policy easing in China and prospects for Greece to clinch a second bailout buoyed risk appetite. The New Zealand dollar jumps 1.2 pct on the day to a 5-1/2-month high of $0.8429, surging from $0.8340 in New York on Friday. The Aussie gains 0.5 pct, leaping as far as $1.0817, from $1.0716 in New York on Friday. Last at ...
Aussie & NZ dollars surge on China easing  WELLINGTON/SYDNEY: The Australian and New Zealand dollars jumped in early trade on Monday after China's central bank on the weekend eased policy in a move to give the slowing economy a cash injection, supporting risk sentiment. * The Aussie leaped three quarters of a cent to $1.0790 from its New York close of $1.0716, and back to its late local level on Friday. It ranged $1.0689 to $1.0786 in the offshore session. * Aussie dollar sentiment remains ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln