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Tag Archives: NZ Dollar

NZ dollar drops vs. greenback, gains vs, yuan after Bank of China devalues currency

The New Zealand dollar fell after China devalued the yuan, stoking concern economic growth is weaker than expected in the nation’s biggest trading partner. The kiwi traded at 65.52 US cents as at 5pm in Wellington, down from 66.10 cents late yesterday. The currency rose to 4.1396 yuan from 4.1033 yuan. China is the biggest two-way trading partner with New Zealand and the second-largest export market …

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NZ dollar heads for 1.8% weekly decline as Greek referendum looms

The New Zealand dollar is heading for a 1.8 percent weekly decline as financial markets remain volatile ahead of Greece’s referendum on whether to accept a bailout package from its European creditors, and as the wheels start coming off the local economy. The kiwi dropped to 67.18 US cents at 5pm in Wellington from 68.42 cents on Friday in New York …

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NZ dollar near parity with Aussie, may push through on weak Australian inflation

The New Zealand dollar traded close to parity with the Australian dollar amid speculation weak Australian inflation data today could push it through the historic milestone. The kiwi touched a record against the euro on concern about whether Greece will exit the common currency. The kiwi hit 99.59 Australian cents overnight and was trading at 99.51 cents at 8am in …

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NZ dollar sets new records against Aussie, euro

By Tina Morrison   March 23 (BusinessDesk) – The New Zealand dollar set new records against the euro and the Australian dollar as investors sold the greenback on concern the US may hike interest rates later than previously expected.   Over the weekend, the kiwi touched a post-float record 97.46 Australian cents, beating its previous high of 97.22 cents from …

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NZ Dollar Outlook: Kiwi may decline this week as Fed, GDP loom

The New Zealand dollar, which has declined 2.5 percent so far this month, may slip further this week with the Federal Reserve expected to signal interest rate rises are not far off. The kiwi may trade between 71.30 US cents and 75.20 cents, according to a BusinessDesk survey of 11 currency traders and strategists. Six expect the currency to decline, while …

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NZ dollar touches record against euro after start of ECB bond-buying programme

The New Zealand dollar touched a record against the euro as the European common currency slumped in the first week of the European Central Bank’s bond-buying programme. The kiwi hit a record 69.96 euro cents on Saturday morning, and was trading at 69.86 cents at 8am in Wellington, from 69.47 cents at 5pm on Friday. The local currency slipped to 73.21 US …

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