Tag Archives: NZ Dollar

The New Zealand dollar rose to a three-week high against the Australian currency after yesterday’s minutes of the latest Reserve Bank of Australia meeting confirmed it is likely to cut interest rates in the future and expects the Aussie to decline further. The kiwi rose as high as 84.56 Australian cents, its highest since it touched 84.61 cents on May …

The New Zealand dollar declined in volatile trading as improving US economic data before this week’s Federal Reserve meeting spurred some investors to increase their bets that the central bank may start to reduce stimulus in the world’s largest economy. The kiwi slid to 79.90 US cents from 80.80 cents at 5pm yesterday. In the past 24 hours, the local …

The New Zealand dollar may advance this week as signs of an improving local economy boost demand for the local currency while a continuation of economic stimulus in the US debases the greenback. The New Zealand dollar may trade between 78.50 US cents and 82.50 cents this week, with a positive bias, according to a BusinessDesk survey of 10 traders …

The New Zealand dollar was little changed as traders weigh growth prospects for the local economy with the possible tapering of stimulus in the US. The kiwi recently traded at 80.44 US cents, from 80.39 cents at the New York close and 80.56 cents at 5pm in Wellington Friday. The trade-weighted index edged lower to 74.47 from 76.72 in Wellington …

The New Zealand dollar gained as signs of an improving US economy prompted investors to take on more risk, boosting equity markets and damping demand for gold and silver. The kiwi rose to 80.86 US cents from 79.20 cents at the 5pm market close in Wellington yesterday. The trade-weighted index advanced to 74.76 from 73.51 yesterday. Reports in the US …

The New Zealand dollar rose before the Reserve Bank’s policy statement as investors weighed the prospects for a gradual reduction in momentary stimulus in the US and the greenback dropped against most major currencies. The kiwi gained to 79.59 US cents, from 78.76 cents at 5pm yesterday. The trade-weighted index edged up to 74.06 from 73.45 yesterday. The dollar index, …

The New Zealand dollar was little changed in local trading as investors await Reserve Bank governor Graeme Wheeler’s response to a 6.1 percent slide in the currency against the greenback since his last review. The kiwi traded at 78.76 US cents at 5pm in Wellington from 78.65 cents at 8am and 78.80 cents yesterday. The trade-weighted index fell to 73.45 …

Companies expecting to benefit from a lower New Zealand dollar may get only a short reprieve as the kiwi appreciates towards the end of the year buoyed by the prospect of an improving economy and higher interest rates, according to a BusinessDesk survey. The local currency has dropped about 5 percent this year as improving data out of the US …

The New Zealand dollar slid to its lowest in almost five months against the yen after the Bank of Japan quashed expectations of further stimulus measures which would have debased the Japanese currency. The kiwi dropped to 75.11 yen at about 6am in Wellington, its lowest level since it touched 75.03 yen on Jan. 28. The local currency recently traded …

The New Zealand dollar advanced against the yen in volatile trading on speculation the Bank of Japan may announce further stimulus measures today, prompting Japanese investors to seek higher returns in markets such as New Zealand. Since yesterday, the kiwi has traded between 76.15 yen and 78.40 yen. The local currency recently rose to 77.95 yen from 77.04 yen at …