Tag Archives: NZ Dollar

The New Zealand dollar may decline this week as traders increase bets that the Federal Reserve will start to reduce stimulus in September as the US economy shows signs of improvement. The local currency may trade between 75 US cents and 79 cents this week, with a lower bias, according to a BusinessDesk survey of 10 traders and strategists. Eight …

The New Zealand dollar dropped to its lowest in almost two weeks after strong labour market data in the US boosted expectations the Federal Reserve will starting pulling back its asset purchase programme as early as September. The kiwi slipped to 76.87 US cents from 77.05 cents in late New York trading Friday, when it touched an almost two-week low …

The New Zealand dollar trade weighted index is heading for a 0.9 percent weekly gain as central banks in Australia and Europe kept their easing bias amid uncertain outlooks for their respective economies. The trade-weighted index rose to 74.59 at 5pm in Wellington from 74.07 yesterday, and was up from 73.89 at the start of the week. The kiwi traded …

The New Zealand dollar surged against the British pound and the euro after central banks there highlighted their easing bias, increasing demand for the higher yielding local currency as rates in New Zealand are set to climb. The kiwi rose to a month high of 52.17 British pence, and recently traded at 51.95 pence, from 50.97 pence at the 5pm …

The New Zealand dollar gained against the greenback as investors slowed down the liquidation of their trans-Tasman holdings, which they embarked on amid growing expectations the Federal Reserve will start unwinding its money printing programme. The kiwi rose to 77.79 US cents at 5pm from 7.68 cents at 8am and 77.41 cents yesterday. The trade-weighted index rose to 74.07 from …

The New Zealand dollar touched its highest in four-and-a-half years against the Aussie this morning after the Reserve Bank of Australia governor Glenn Stevens yesterday suggested a decision on whether to hold interest rates this week was a close call. The kiwi touched 85.80 Australian cents today, its highest since November 2008. The local currency recently traded at 85.62 Australian …

The New Zealand dollar weakened as signs of an improvement in the US economy buoyed speculation the Federal Reserve will start tapering its asset purchases. The kiwi dropped to 77.45 US cents from 77.73 cents at the 5pm market close in Wellington yesterday. The local currency earlier this morning fell to 77.31 cents, the lowest level since Monday. The trade-weighted …

The New Zealand dollar edged up as investors increased their holdings in the local currency after a 6.7 percent slide last quarter amid expectations super-loose monetary conditions in the US will end this year. The kiwi rose to 78.01 US cents from 77.70 cents at 5pm in Wellington yesterday. The trade-weighted index increased to 73.98 from 73.75 yesterday. The New …

The New Zealand dollar may decline this week on speculation about the removal of asset purchasing stimulus in the US and on concern Chinese growth may be faltering. The local currency may trade between 75 US cents and 80 cents this week, with a lower bias, according to a BusinessDesk survey of nine traders and strategists. Five expect the kiwi …

The New Zealand dollar held its value after Federal Reserve officials assured markets about the withdrawal of economic stimulus. The kiwi slipped to 77.98 cents from 78.19 cents at the 5pm market close in Wellington yesterday. The trade-weighted index weakened to 73.69 from 73.75 yesterday. Federal Reserve officials yesterday stepped up their campaign to clarify comments by chairman Ben Bernanke …