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A$ shrugs off GDP data; NZD steady  SYDNEY/WELLINGTON: The Australian dollar held near two-month high against the US dollar on Wednesday, shrugging off slightly weaker-than-expected GDP data on top of an interest rate cut earlier in the week.   Aussie steady at $1.0470, having climbed to $1.0485 in offshore trade. A break above the Nov high of $1.0491 could see a test of $1.0520, the Sept 21 peak. Traders cite stops above $1.0520/30, with larger ones above $1.0570.   Long-term trendline found at $1.0565 and a break above would be very bullish. Support seen at $1.0460 and $1.0430/35.   Australia's economy grew a moderate 0.5 percent last quarter vs forecasts of a 0.6 pct rise with declining export earnings and a cresting mining boom pointing to tougher times ahead.   GDP reading does little to change market odds of further easing, following Tuesday's quarter point cut to a record-matching low of 3.0 pct.   Interbank futures suggest a 50-50 chance of a follow-up rate cut in February, ...

A$, NZ$ mark time ahead of RBA, near 6-week lows on euro  SYDNEY/WELLINGTON: The Australian and New Zealand dollars hovered near six-week lows against a vigorous euro on Tuesday and were firm versus their US counterpart as markets waited for the Reserve Bank of Australia (RBA) policy decision.   Australian data further fuels speculation the RBA will cut rates by 25 basis points to 3.0 percent at its monthly meeting. A decision will be announced at 0330 GMT.   Interbank futures imply a four-in-five chance of an easing in rates, ...
Aussie & kiwi slip vs euro, Aussie braces for RBA  SYDNEY/WELLINGTON: The Australian and New Zealand dollars stumbled to six-week lows versus the euro on Tuesday after Spain's request for a bank bailout and Greece's bond buyback plan suggested progress was being made to solve the euro zone debt crisis.   * Aussie steady on the US dollar around $1.0420 even as a run of weak domestic data adds to expectations the Reserve Bank of Australia will cut interest rates later in the day.   * Euro climbs to ...
Aussie & kiwi slip vs euro, Aussie braces for RBA  SYDNEY/WELLINGTON: The Australian and New Zealand dollars stumbled to six-week lows versus the euro on Tuesday after Spain's request for a bank bailout and Greece's bond buyback plan suggested progress was being made to solve the euro zone debt crisis.   * Aussie steady on the US dollar around $1.0420 even as a run of weak domestic data adds to expectations the Reserve Bank of Australia will cut interest rates later in the day.   * Euro climbs to ...
A$ hit by soft data & rate cut expectations  SYDNEY/WELLINGTON: The Australian dollar took a hit across the board on Monday after soft retail sales data added to expectations of another interest rate cut at home this week, dragging the kiwi dollar lower as well.   Aussie dips a third of a cent to one-week lows of $1.0395 after retail sales came in flat for Oct vs an expected rise of 0.4 pct.   Last at $1.0404, with support seen at $1.0390, the 100-day MA, ahead of $1.0365.   Other ...
A$, ND$ hold near multi-week highs, but mood wary  WELLINGTON/SYDNEY: The Australian and New Zealand dollars held near multi-week highs on Thursday as risk sentiment improved on hopes that progress is being made that will avoid a US fiscal crisis, but investors remained generally cautious.   The Aussie drifts lower to $1.0458 vs $1.0474 early, but still close to Tuesday's two-month peak of $1.0491.   Immediate support for the Aussie seen at $1.0425, with solid resistance around $1.0490/1.0500.   Australian business investment rose a solid 2.8 pct in Q3, beating ...
A$, NZ$ mark time, mood cautious  WELLINGTON/SYDNEY: The Australian and New Zealand dollars marked time near multi-week highs against their US counterpart on Wednesday, with investors awaiting more details on a Greek debt plan and progress on US budget talks.   The Aussie steady at $1.0443, near a two-month peak of $1.0491 set Tuesday and within sight of $1.0625, the September peak.   A break above would bring it to its highest since March. For now immediate resistance is seen at $1.0500, with near-term support ...

 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyFBS July-June
Trade Balance $-21.271 bln
Exports $23.641 bln
Imports $44.912 bln
WeeklyMay 13, 2013
Reserves $11.863 bln