Tag Archives: NZ Dollar

The Reserve Bank was a net buyer of kiwi dollars in May, a month when the currency sank 5.6 percent against the greenback. The central bank made net purchases of some $90 million in New Zealand dollars in May, according to RBNZ figures. The kiwi dollar dropped to 80.72 US cents from 85.49 cents through May, and recently traded at …

The New Zealand dollar gained after a report showed the US economy grew less than previously estimated in the first quarter, easing speculation the Federal Reserve will start slowing monetary stimulus any time soon. The kiwi rose to 77.91 US cents from 77.35 cents at 5pm in Wellington yesterday. The trade-weighted index increased to 73.60 from 72.98 yesterday. The local …

The New Zealand dollar gained as investors were reassured China’s central bank would help ease a credit crunch that sparked concerns about growth in the world’s second-largest economy. The kiwi edged up to 77.30 US cents from 77.16 cents at 5pm in Wellington yesterday. In the past 12 hours, the local currency has traded as low as 76.95 cents and …

The New Zealand dollar is little changed as investors weigh the impact of a possible reduction in the Federal Reserve’s monetary stimulus. The kiwi recently traded at 77.56 US cents, from 77.47 cents at 5pm in Wellington yesterday. The trade-weighted index slid to 73.08 from 73.21 yesterday. Traders are eyeing new data from the US for clues as to when …

The New Zealand dollar may decline this week as the yield appeal of the kiwi diminishes amid expectations of better times ahead for the US economy. The local currency may trade between 75 US cents and 80 cents this week, with a downside bias, according to a BusinessDesk survey of nine traders and strategists. The kiwi recently traded at 77.64 …

The New Zealand dollar dropped as investors continue to favour the US on signs of a revival in the world’s largest economy. The kiwi fell to 77.29 US cents from 77.71 cents at 5pm in Wellington Friday and 77.52 cents at the New York close Friday, when it dipped below 77 cents for the first time in a year. The …

The New Zealand dollar fell to a 12-month low as the Federal Reserve’s signal of an end to quantitative easing, weak Chinese manufacturing and tighter credit sapped risk appetite and sent investors rushing to the greenback. The kiwi fell to 77.48 US cents, and earlier dropped to a 12-month low of 77.10 cents, from 78.54 cents yesterday. The trade-weighted index …

The New Zealand dollar dropped after government figures showed the economy grew at the half the expected pace in the first quarter, as the drought at the start of the year saw farmers cull their herds, sapping milk production. Gross domestic product grew 0.3 percent to $37.1 billion in the three months ended March 31, from a pace of 1.5 …

The New Zealand dollar fell to a week low as the Federal Reserve signalled an end to its quantitative easing programme which has debased the greenback. The kiwi slid to 78.49 US cents, the lowest since June 12. The local currency recently bought 78.86 US cents, down from 79.88 at 5pm in Wellington yesterday. The trade-weighted index weakened to 73.90 …

New Zealand’s current account deficit narrowed as expected in the first quarter as volumes and prices of dairy exports rose and visitors spent more, lifting the balance on goods and services. The current account deficit fell to $663 million in the three months ended March 31, from a revised $3.2 billion in the fourth quarter of 2012, according to Statistics …