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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 $0.9530 set in September.Helping the currency is a sharp decline in Aussie short positions as investors pushed back expectations of an easing in Australia.Latest data from the Commodity Futures Trading Commission showed net short positions in the Australian dollar almost halved to 34,819 contracts in the week of Sept 24, from more than 60,000 the week before.Financial markets <0#YIB:> imply a one-in-4 chance of a cut to a record low of 2.25 percent by December, ...

Australian dollar rises after RBA keeps rates on hold SYDNEY: The Australian dollar rose a quarter of a cent on Tuesday after the Reserve Bank of Australia kept interest rates at a record low, as widely expected, and did not give an explicit easing bias.The Aussie climbed to a session peak of $0.9374, from $0.9338 before the RBA decision, to last stand at $0.9371 with a gain of 0.5 percent on the day.The RBA kept rates on hold at 2.5 percent at its monthly ...
Dollar eerily calm as US government shutdown looms SYDNEY: The dollar was subdued in Asia on Tuesday and vulnerable against safe-haven currencies with Washington still locked in a bitter struggle just hours ahead of a midnight deadline that will see much of the US government begin to shut down.The standoff comes a few weeks ahead of the next political battle to raise the federal government's borrowing authority. Failure to do so by mid-October could result in a historic US debt default that could ...
Euro and dollar hit by political drama; yen, Swiss franc up SYDNEY: The euro fell hard in Asia on Monday with Italy in the grip of a fresh political crisis, while investors also sold the greenback as a midnight deadline to avert a shutdown in Washington loomed large.Both the safe-haven Swiss franc and yen benefited as a result. The euro fell to a three-week low of 131.38 yen from around 132.78 late in New York on Friday. It shed 0.3 percent to 1.2218 Swiss francs, reaching ...
NZ dollar hit by trade deficit & Fonterra profit warning, drags Aussie SYDNEY/WELLINGTON: The New Zealand dollar took a double knock on Wednesday after the nation's monthly trade deficit widened to a five-year high and dairy giant Fonterra warned of weak earnings, which also weighed on the Australian dollar.The New Zealand dollar slipped as far as $0.8237, from $0.8276 in early trade, having already skidded more than 1 percent on Tuesday. It has lost more than two cents since hitting a 4-1/2-month high of $0.8445 on Monday.It ...
NZ dollar flies high after Fed & GDP surprise, AUD follows SYDNEY/WELLINGTON: The New Zealand dollar tore to a four-month high on Thursday following a better-than-expected economic growth reading at home, adding to already hefty gains after the Federal Reserve surprised markets by leaving its massive stimulus intact.The kiwi set a high of $0.8413, up from $0.8235 at the same time on Wednesday.The Australian dollar climbed a cent to as far as $0.9530 , its strongest in three months. It last fetched $0.9512, having gained 2.9 ...
Australia dollar dumped on weak job data, NZD boosted SYDNEY/WELLINGTON: The Australian dollar fell sharply from three-month highs on Thursday after a weak jobs report cast doubt on market perceptions the Reserve Bank of Australia was done cutting rates.In contrast, the New Zealand dollar powered up to a four-week high after the central bank said interest rates there will probably need to rise next year.The Aussie dollar fell across the board, falling around one percent on the kiwi and yen.It dived nearly a cent ...

 



 
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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