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Australian dollar slowly on the mend, kiwi steady WELLINGTON/SYDNEY: The Australian dollar continued to recover in baby steps from last week's drubbing, while the New Zealand dollar remained buoyant but hesitated ahead of a three-year peak. The Aussie was a touch firmer on Tuesday at $0.9385, having earlier flirted with resistance at $0.9395, a level representing the 38.2 percent retracement of last week's drop from $0.9505 to $0.9327. It was also slightly higher against the euro and yen. Last week Reserve Bank of Australia (RBA) Governor Glenn Stevens said the currency was overvalued by most measures and that it could see a sharp correction in time. The warning prompted a swift sell-off in the Aussie, although many still see the relatively high-yielding currency as very attractive, particularly in a low-volatility environment. "The global search for yield is continuing to support the Australian dollar for longer but is highly unlikely to stimulate a punch back to parity in our ...

Aussie dollar cautious ahead of RBA meeting, kiwi off peak WELLINGTON/SYDNEY: The Australian and New Zealand dollars eased on Monday, with the kiwi retreating from a near three-year peak while caution ahead of an interest rate decision this week kept the Aussie pinned down. The Aussie dipped 0.1 percent to $0.9416, having traded in a slim 0.9409-9425 range so far. It remained capped at $0.9445, a two-month high set on June 23 and its 2014 peak of $0.9461. The kiwi slipped 0.4 percent to $0.8747, ...
Pound sags after less hawkish BoE, G3 currencies adrift SYDNEY: The British pound nursed losses on Wednesday after comments from the Bank of England governor cooled expectations for an interest rate hike this year, while its G3 counterparts drifted in well-worn ranges. Surprisingly less hawkish comments from BoE Governor Mark Carney saw the pound dip to a near one-week low of $1.6966, pulling away from a 5-1/2 year peak of $1.7064 set last Wednesday. Carney said Britain's economy still has plenty of slack to ...
Australian and NZ dollars take breather, seek fresh catalyst WELLINGTON/SYDNEY: The Australian and New Zealand dollars settled into a slim trading range on Tuesday in the absence of fresh impetus, a day after reaching multi-week highs on optimism over China's economic growth. The Australian dollar was steady at $0.9431, having drifted between $0.9418/32 so far. It climbed 0.4 percent on Monday to an 11-week high of $0.9445 after a survey showed activity in China's factory sector expanded in June for the first time in ...
Aussie, Kiwi up after China survey, Canadian dollar at 5-month high LONDON: The Australian and New Zealand dollars both jumped about half a percent on Monday after a survey pointed to the first expansion in six months by China's manufacturing, a sector that is crucial to world growth.The Canadian dollar also reached a five-month high, building on its 0.6 percent gain on Friday. Surprisingly high inflation and robust retail sales made it look less likely the central bank would maintain its accommodative policy stance.The upbeat HSBC ...
NZ dollar jumps to record highs on trade basis after Fed WELLINGTON/SYDNEY: The New Zealand dollar vaulted to a lifetime high against a basket of currencies on Thursday, and along with the neighbouring Australian dollar notched hefty gains versus the US dollar after dovish comments by the US Federal Reserve. The New Zealand dollar pushed up to 81.30 on a trade-weighted basis, and touched a six-week peak against the US dollar. It hovered near its highest since early May against the Aussie and yen, while it ...
Dollar firm, stocks subdued as inflation adds to Fed risk SYDNEY: The dollar held firm with higher Treasury yields on Wednesday after a surprisingly high reading for US inflation threatened to give a hawkish tilt to the Federal Reserve's policy outlook later in the session. The risk was enough to keep Asian share markets on the defensive with MSCI's broadest index of Asia-Pacific shares outside Japan off 0.16 percent. Japan's Nikkei was the only real mover adding 0.42 percent as a softer yen helped offset ...

 



 
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Banking Review 2013


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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln