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Dollar stalls as geopolitical storm quietens SYDNEY: The US dollar started trade in Asia on Tuesday in familiar territory, holding flat after a listless session overnight void of any meaningful economic data or market-moving events.The dollar index was flat at 81.455 after drifting in a 82 tick-range on Monday, a far cry from Friday's 336 tick-range. Traders said the index was looking toppish given last month's rally that swept it to a succession of 2014 peaks and the market will need fresh impetus to push it further still. Monday had nothing to excite dollar bulls and left markets in a watchful mood as geopolitical risks persisted. In Iraq, a new political crisis was brewing just days after Washington launched its first military action against insurgents from the Islamic State. In Ukraine, NATO warned Russia against using humanitarian help as a pretext for an invasion. Still, there was no flare up in tensions, keeping the safe-haven yen ...

Australian & NZ dollars recover from lows as risk appetite improves WELLINGTON/SYDNEY: The Australian and New Zealand dollars were off lows on Monday, as appetite for risk grew following a slight easing in the Ukraine-Russia conflict, while optimism over the outlook for China's economy underpinned demand. The Australian dollar nudged up to $0.9278, from a two-month low of $0.9229 set on Friday. It managed to recover some ground against the yen at 94.75 yen, having sunk nearly one yen during Friday to touch 93.88, the lowest ...
Australian, New Zealand dollar hit by risk aversion WELLINGTON/SYDNEY: The Australian and New Zealand dollars were on the defensive on Friday, while bonds rallied sharply as news U.S. President Barack Obama had sanctioned air strikes in Iraq drove investors to seek safe-haven assets.The main move came in the safe-haven yen which climbed across the board and knocked the Aussie down to a 10-week trough of 93.88 yen.The Australian dollar also slipped as far as $0.9240, its weakest since early June, from $0.9269 in ...
Australian dollar slides as jump in unemployment sparks rate cut talk WELLINGTON/SYDNEY: The Australia dollar tumbled on Thursday after a surprisingly weak jobs report cast doubt on market perceptions the Reserve Bank of Australia was done cutting rates. The Australian dollar slipped more than half a cent to $0.9283, nearing a two-month trough of $0.9275 touched last week. Technicals suggest a break would target $0.9205/10. The Aussie also lost around 0.8 percent against the euro, pound and yen.Australian employment dipped 300 in July, while the jobless ...
Dollar regains momentum on upbeat data, euro skids SYDNEY: The dollar held near an 11-month high against a basket of major currencies early on Wednesday, having got a second wind after upbeat US data bolstered expectations of solid economic growth in the third quarter. The dollar index was last at 81.537, not far from the overnight peak of 81.626. The euro languished at $1.3370, having plumbed a nine-month trough of $1.3358. Data on Tuesday showed US services sector activity hit an 8-1/2 year ...
New Zealand dollar soured by sliding dairy prices, Aussie pressured WELLINGTON/SYDNEY: The New Zealand dollar skidded to two-month lows on Wednesday following another decline in dairy prices and a mixed jobs report, dragging the Australian dollar lower.The kiwi fell as far as $0.8425, from around $0.8525 at the end of the local session on Tuesday.It was last at $0.8428. Milk prices fell 8.4 percent in dairy giant Fonterra's latest auction, taking the decline to 41 percent since the peak in February and raising risks of ...
Australian dollar holds firm after no surprises from RBA WELLINGTON/SYDNEY: The Australian dollar held its ground on Tuesday after the Reserve Bank of Australia's (RBA) said the currency was high historically, but refrained from actively talking it down as some market watchers had speculated. The Aussie was a shade firmer at $0.9335, versus$0.9330 in early trade, having bounced from a two-month low of $0.9275 set last week. It was, however, still stuck in a familiar $0.9200-$0.9500 band, a range it has been unable to ...

 



 
Index Closing Chg%
Arrow DJIA 16,614.81 1.31
Arrow Nasdaq 4,419.48 2.40
Arrow S&P 1,941.28 1.96
Arrow FTSE 6,372.33 1.68
Arrow DAX 8,886.96 1.94
Arrow CAC-40 4,081.24 2.25
Arrow Nikkei 14,804.28 2.03
Arrow H.Seng 23,088.58 0.08
Arrow Sensex 26,575.65 0.55





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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
WeeklyOctober 20, 2014
Reserves $13.436 bln