Tag Archives: NZ Dollar

The kiwi dollar is holding below levels the Reserve Bank is forecasting for the third quarter though that’s unlikely to be enough to change its view of the interest rate outlook this week. The central bank will keep the official cash rate at 2.5 percent on Thursday, according to a Reuters survey of 16 economists. The bank will hike the …

The New Zealand dollar is heading for a 2.1 percent weekly gain against the greenback as investors pare their bets on the world’s reserve currency in a week where US Federal Reserve chairman Ben Bernanke reiterated that the central bank is set on winding back its money printing programme. The kiwi rose to 79.12 US cents at 5pm in Wellington …

The New Zealand dollar rose to a week high against its Australian counterpart as the outlook for the local economy continues to outperform that of its closest neighbour. The kiwi jumped as high as 86.23 Australian cents, and recently traded at 86.14 cents from 85.69 cents at the 5pm market close in Wellington yesterday. The New Zealand dollar edged up …

he New Zealand dollar edged up in volatile trading after Federal Reserve chairman Ben Bernanke emphasised the central bank’s asset purchase programme could be reduced more quickly or expanded depending on economic conditions. The kiwi traded at 79 US cents from 78.70 cents at the 5pm market close in Wellington yesterday. The local currency traded between 78.39 US cents and …

The New Zealand dollar gained ahead of US Federal Reserve chairman Ben Benanke’s congressional testimony as speculative investors pare back their bets on the greenback, and was bolstered by Reserve Bank of Australia minutes talking down that nation’s inflation outlook. A strong gain in local dairy prices rounded out a bullish start for the currency. The kiwi rose to 78.97 …

The New Zealand dollar will probably take its lead from the US this week, where traders will be looking for guidance from Federal Reserve chairman Ben Bernanke on future monetary stimulus. The local currency may trade between 76 US cents and 79.50 cents this week, according to a BusinessDesk survey of 10 traders and strategists. Four expect the New Zealand …

The New Zealand dollar gave up yesterday’s gains after traders decided comments by Federal Reserve chairman Ben Bernanke were not as dovish as initially thought and were more a reiteration of his previous stance. The kiwi fell to 78.54 US cents, from 79.52 cents at the 5pm market close in Wellington yesterday. The local currency is trading within its range …

The New Zealand dollar retraced earlier gains against the euro and pound on better economic data from Europe. The kiwi fell to 60.47 euro cents from 61.43 cents at the 5pm market close in Wellington yesterday and slid to 52.20 British pence from 52.75 pence yesterday. The local currency weakened to 77.95 US cents from 78.51 cents yesterday. The New …

The New Zealand dollar rose to its highest in more than five weeks against the euro and the pound as concern about weakness in the European and UK economies contrasts with a brighter picture here. The kiwi jumped as high as 53.01 British pence, recently trading at 52.82 pence from 52.23 pence at the 5pm market close in Wellington yesterday. …

The New Zealand dollar gained after investors bet the greenback had advanced too far too fast following upbeat US employment numbers last week. The kiwi increased to 78.01 US cents from 77.26 cents at the 5pm market close in Wellington yesterday. The trade-weighted index advanced to 74.68 from 74.21 yesterday. The US dollar index, which measures the greenback against the …