Wednesday , June 26 2019
Informed Influential Indispensable |

Tag Archives: NZ Dollar

NZ dollar may fall as Cyprus deal raises spectre of bank run across Europe

The New Zealand dollar may fall if a bank run in heavily indebted nations emerges after a lifeline thrown to Cyprus saw a major bank shut down and will leave uninsured depositors facing losses. The kiwi traded at 84.44 US cents at 5pm in Wellington from 83.59 cents at 8am and 83.47 cents yesterday. The trade-weighted index gained to 76.60 …

Read More »

NZ dollar falls vs. euro after Cyprus cobbles together bailout package

The New Zealand dollar fell against the euro after the Cypriot government stitched together a lifeline from the European Union and International Monetary Fund to keep the Mediterranean nation from defaulting and forcing the first euro-exit. The kiwi fell to 64.05 euro cents at 5pm in Wellington from 64.22 cents on Friday in New York. The local currency traded at …

Read More »

NZ dollar steady before GDP, slips vs. euro as Cyprus fears ebb

The New Zealand dollar was little changed against the greenback ahead of figures forecast to show the economy picked up pace in the fourth quarter. It dropped against the euro on speculation may provide aid as an alternative to an EU bailout. The New Zealand dollar traded at 82.31 US cents from 82.27 cents at 5pm in Wellington yesterday. The …

Read More »

NZ dollar falls in face of wider current account gap, Cyprus impasse

The New Zealand dollar extended its slide after figures showed the current account deficit widened more than expected in the fourth quarter and the bailout impasse in Cyprus kept the US dollar well bid. The kiwi dollar fell to 82.28 US cents in late New Zealand trading from 82.51 cents immediately before the balance of payments figures. The trade-weighted index …

Read More »

NZ dollar edges up as Cyprus deal may be watered down, RBA looms

The New Zealand dollar edged higher against the greenback after Cyprus delayed a vote on its EU bailout amid talk the proposal may be watered down. The kiwi rose to 82.48 US cents from 82.33 cents at 5pm in Wellington yesterday. The trade-weighted index rose to 75.86 from 75.75. Cypriot ministers are seeking to revise the plan that would impose …

Read More »

NZ dollar holds near recent lows as Cyprus fears sap risk appetite

The New Zealand dollar held near its recent lows following the euro-zone’s bailout plan for Cyprus that included clipping the island’s bank deposits, stoking concern the same demand could occur in nearby nations and spark a run on banks. The kiwi dollar traded at 82.27 US cents from 82.29 cents at the start of the day and down from 82.72 …

Read More »