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Australian dollar dips after RBA talks down currency SYDNEY: The Australian dollar dipped a quarter of a US cent on Tuesday after the Reserve Bank of Australia said the currency remained uncomfortably high. The Aussie dollar fell to $0.9478, down 0.3 percent on the day. It has gained 6 cents since late August. The RBA kept rates on hold, as widely expected, at its monthly policy meeting.Copyright Reuters, 2013 ...

Australia and NZ dollars bolstered by local data; RBA seen on hold SYDNEY/WELLINGTON: The Australian and New Zealand dollars were modestly higher across the board on Monday underpinned by encouraging local data, and extended weakness in the euro. The Aussie drew comfort from a flurry of mostly supportive data, the most important of which was a strong lift in September retail sales, which rose 0.8 percent against expectations of a 0.3 percent rise. The Aussie gained close to a quarter of a cent after the retail data ...
Australian dollar buoyed by CPI rise, weak US data SYDNEY/WELLINGTON: The Australian dollar scaled a 4-1/2-month peak on Wednesday after a higher-than-expected domestic inflation reading reduced the chances of further interest rate cuts from the central bank and caused a short squeeze.The New Zealand dollar took a step back after investors booked profits following hefty gains but remained near May peaks.The Aussie shot up half a cent to $0.9758, its highest since early June, to last trade at $0.9734. A sustained break above key ...
Aussie hits 4-month high on RBA minutes, US deal optimism LONDON: The Australian dollar hit a four-month high against the US dollar on Tuesday, lifted by Reserve Bank minutes showing policymakers in no hurry to cut rates and optimism a US deal to avert default would soon be reached.US Senate Majority Leader Harry Reid, a Democrat said after a day of talks on Monday with his Republican counterpart, Mitch McConnell that they had made "tremendous progress" and suggested a deal could come as early as ...
Australian dollar pops to 4-month highs on US deal hopes, NZD follows SYDNEY/WELLINGTON: The Australian and New Zealand dollars powered up to multi-week peaks on Tuesday after hopes of an imminent US debt deal lifted risk sentiment from stocks to commodity-linked currencies.The Aussie gained a third of a cent on the day to a four-month high of $0.9534, having broken key resistance at $0.9530. The next major barrier was seen at $0.9665.Dealers said leveraged funds buying AUD/JPY supported the Aussie after top US senators signalled they could ...
Australia & NZ dollars subdued on US & China concerns SYDNEY/WELLINGTON: The Australian and New Zealand dollars were subdued on Monday as concerns about China's economic strength and a possible US debt default hurt risk sentiment.The Aussie slipped to $0.9440, from $0.9470 in New York on Friday, after data on Saturday showed China's export growth unexpectedly fizzled in September, underscoring worries about flagging global demand.The market often uses the Aussie as a liquid proxy to hedge against economic news out of China, Australia's top export ...
Australia, NZD dollars resilient as US standoff drags on, rate outlook helps SYDNEY/WELLINGTON: The Australian and New Zealand dollars consolidated near recent highs on Monday as the US dollar struggled, hit by increasing unease about the US budget standoff.The Aussie sat at $0.9448, unchanged from late Friday's onshore trade in subdued activity due to a public holiday in the financial capital Sydney.The Aussie was one of the best performing currency last week with a gain of 1.3 percent to stand within sight of a three-month peak of ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln