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RBNZ jawboning hurts kiwi dollar, Australian dollar holds gains SYDNEY/WELLINGTON: The recent ascent of the New Zealand dollar was rudely interrupted on Wednesday after the country's central bank warned it might intervene to drag it lower, giving the Australian dollar a leg up through key resistance. The kiwi stumbled half a percent to $0.8689 after Reserve Bank Governor Graeme Wheeler said the bank could sell the currency if it stayed strong in the face of worsening economic fundamentals, such as a further fall in export prices. Wheeler also said the strong kiwi, which is hovering near a post-float high against a basket of currencies, could lower non-tradeable inflation and slow the pace of future rate rises. "It's very hard to argue that intervention could be consistent with policy when you are hiking rates," BNZ currency strategist Raiko Shareef said. "But it's a very clear signal that the RBNZ firmly believes that the NZ dollar is overvalued and that it ...

Australia & NZ dollars firm, RBA steady as she goes SYDNEY/WELLINGTON: The Australian and New Zealand dollars were firm on Tuesday after Australia's central bank left interest rates unchanged, reiterating its outlook was for a period of steady policy. The Aussie briefly rose to $0.9318 when the Reserve Bank of Australia (RBA) held off from grumbling over the currency's strength, but it quickly faded back to $0.9275. The Aussie has gained 4 percent so far this year.The central bank kept its main cash rate at ...
Australia & NZ dollars firm, RBA eyed SYDNEY/WELLINGTON: The Australian and New Zealand dollars were firm on Tuesday with investors focused on a policy review by the Reserve Bank of Australia which is expected to signal a further period of steady rates. The Aussie edged up to $0.9288, from $0.9270 in early trade. was found at $0.9252, Monday's low, with resistance at $0.9332, a key retracement level. Against the yen, it bounced off a five-week low of 94.22 to last trade at ...
Dollar steadier after post-jobs volatility; Ukraine in focus SYDNEY: The dollar got off to a cautious start on Monday having staged a curious reversal late last week that saw it erase all of the gains sparked by a strong payrolls report. Data on Friday showed US employers hired workers at the fastest clip in more than two years in April, pointing to a rebound in economic growth after a severe winter. The dollar index initially rallied to a high of 79.852, only to ...
Australian dollar wilts as data disappoints, kiwi follows suit SYDNEY/WELLINGTON: The Australian dollar slipped on Monday following a batch of disappointing data at home and in China, putting the currency on the backfoot a day before an interest rate review by the Reserve Bank of Australia. The Aussie was down 0.2 percent on the day at$0.9259, pulling away from a 1-1/2 week high of $0.9322 after building permits fell for a second month in March. Markets had been hoping for a bounce following a ...
Euro nurses losses after soft German inflation, yen eyes BoJ SYDNEY: The euro nursed broad losses early on Wednesday, having been put under pressure by soft German inflation numbers while the yen stayed on the defensive ahead of a policy decision by the Bank of Japan. A key measure of German inflation came in at a lower-than-expected 1.1 percent on the year, raising the risk that the euro area reading will also undershoot expectations later in the day. "A low April print would increase the ...
Australia, NZ dollars off 1-month lows but caution ahead SYDNEY/WELLINGTON: The Australian and New Zealand dollars crept up from one-month lows on Wednesday, but investors stayed cautious ahead of data from China and the United States and a Federal Reserve policy meeting.The Aussie edged up to $0.9283, from a low of $0.9227 in the prior session. It was on track to eke out a gain of 0.1 percent in April, but was still a fair distance away from a peak of $0.9461 touched earlier ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln