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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 escape since late March. As expected, the central bank left its cash rate unchanged at a record low of 2.5 percent, marking a full year without a change, and reiterated its outlook was for a period of steady policy as the economy copes with a cooling mining boom."The statement is strictly neutral in tone," said Michael Blythe, chief economist at Commonwealth Bank of Australia. "The debate will increasingly be about how long the period of ...

Australian dollar cautious ahead of RBA, NZ dollar steady WELLINGTON/SYDNEY: The Australia and New Zealand dollars were marking time on Tuesday, with markets awaiting the outcome of the Reserve Bank of Australia's (RBA) monthly policy meeting. The central bank is considered certain to hold rates steady at a record low of 2.5 percent, but may take the opportunity to try and talk the Aussie lower.The local currency is up 4.5 percent so far this year. The Australian dollar edged down to $0.9320, from $0.9331 ...
Australia & NZ dollars off recent lows, retail sales help WELLINGTON/SYDNEY: The Australia and New Zealand dollars were firm on Monday as their US counterpart was undermined by jobs data that prompted markets to pare back expectations of an earlier start to a tightening cycle by the Federal Reserve. The Australian dollar held steady at $0.9317, having bounced from a two-month low of $0.9275 touched on Friday. It hopped as far as $0.9334 but quickly ran out of steam in thinned trading due to a ...
Australia & NZ dollars struggle after sliding on strong US data WELLINGTON/SYDNEY: The Australia and New Zealand dollars were languishing near two-month lows on Thursday after strong growth data sent the US dollar soaring, despite a dovish statement by the Federal Reserve. The Australian dollar dropped as far as $0.9301, its lowest since early June after data showed the US economy rebounded sharply in the second quarter. The Aussie last stood at $0.9330 to show a loss of around 1 percent this month, its largest decline ...
Market takes a shine to the dollar, shuns euro SYDNEY: The US dollar hovered near six-month highs against a basket of major currencies early on Monday, holding onto solid gains made last week as investors turned bearish on the euro. A closely watched report on Friday showing a slump in German business sentiment and news the European Union was a step closer to imposing economic sanctions on Moscow had undermined the common currency. The euro, which fell 0.7 percent last week, languished near an ...
NZ dollar plumbs 6-week lows, weighs on Australian dollar WELLINGTON/SYDNEY: The New Zealand dollar fell to six-week lows and weighed on the Australian dollar on Monday, with markets awaiting key US events later in the week including a Federal Reserve meeting and major economic indicators. The New Zealand dollar eased to $0.8539, matching Friday's lowest level.It has tumbled nearly 3 percent in the past two weeks, largely after the Reserve Bank of New Zealand (RBNZ) signalled last week it was pausing its tightening cycle ...
Australian dollar jumps after upbeat China PMI survey SYDNEY: The Australian dollar hit a three-week high on Thursday after a closely watched survey showed activity in China's factory sector in July expanded at its fastest pace in 18 months. The Aussie rose as high as $0.9480, from around $0.9440 just before the survey was released. It was last at $0.9470, up 0.2 percent on the day. Copyright Reuters, 2014 ...

 



 
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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 23, 2014
Reserves $13.465 bln