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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 meeting on Tuesday, citing an appropriate monetary policy.Copyright Reuters, 2013 ...

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 ...
Australia dollar reaches 6 week high on confidence boost SYDNEY/WELLINGTON: The Australian dollar climbed to a six-week high on Tuesday after data showing a surge in domestic business confidence bolstered the outlook for the economy and pared bets on another cut in interest rates.The Aussie climbed as far as $0.9267, its highest since late July, and added to last week's gains of more than 3 percent. It last fetched $0.9258, but faced stiff resistance between $0.9295 and $0.9317.The New Zealand dollar was also firm ...

 



 
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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