Tag Archives: NZ Dollar

The New Zealand dollar fell ahead of a report by the central bank today which may flag concern about the country’s buoyant housing market and the impact of a high currency on exporters. The kiwi fell to 84.59 U.S. cents from 84.94 cents at 5pm in Wellington yesterday, while the trade-weighted index dropped to 78.26 from 78.58. Traders will be …

The New Zealand dollar climbed to its highest level against its trans-Tasman counterpart after the Reserve Bank of Australia unexpectedly cut interest rates to help stoke flagging economic growth. The kiwi climbed as high as 83.50 Australian cents, trading at 83.37 cents at 5pm in Wellington from 83.08 cents yesterday. It fell to 84.94 US cents at 5pm from 85.23 …

T he New Zealand dollar may rise this week as stronger global equity and commodity markets stoke demand for the currency and an improving local economy boosts employment. The kiwi dollar recently traded at 85.41 US cents, from 85.32 cents on Friday in New York. It has risen 3.1 percent so far this year, or 5.2 percent on a trade-weighted …

The New Zealand dollar dropped by more than half a US cent as weaker than expected private payrolls figures in the US eroded investors’ appetite for higher yielding assets. The kiwi may extend its decline after dairy prices sank in the latest auction GlobalDairyTrade auction. The kiwi fell to 84.92 US cents from 85.73 cents at 5pm in Wellington yesterday. …

The New Zealand dollar rose to a two-week high as gains in equity markets in Europe and the US, and signs of growth in the US housing sector helped lift risk appetite and demand for growth-linked currencies and commodities. The kiwi dollar rose to 85.64 US cents, and earlier reached the highest since April 15 at 85.74 cents, from 85.20 …

The New Zealand dollar may fall this week on the risk that manufacturing figures from China and US payrolls will add to signs of global weakness and traders await decisions from the Federal Reserve and European Central Bank. The kiwi dollar recently traded at 84.97 US cents, from 84.75 cents on Friday in New York. It reached as high as …

The New Zealand dollar climbed above 85 US cents and reached the highest level against the Australian dollar since October 2009 as improving risk sentiment and the nation’s economic prospects drive demand for the kiwi. The kiwi dollar recently traded at 84.90 US cents, having climbed as high as 85.62 cents overnight, from 85.23 cents in Asia yesterday. The trade-weighted …

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.5 percent, talking down the threat of soft inflation in recent months and reiterating his view the New Zealand dollar is “overvalued”. The kiwi jumped after the statement. “The high New Zealand dollar continues to be a significant headwind for the tradables sector, restricting export earnings and encouraging demand …

The New Zealand dollar rose against the euro after German manufacturing and euro-zone services weakened and edged up against the greenback ahead of the reserve Bank’s interest rate review. The kiwi dollar rose to 64.61 euro cents from 64.33 cents at 5pm in Wellington yesterday. It gained to 84.04 US cents from 83.94 cents. A survey of purchasing managers in …

The Australian and New Zealand dollars fell after a measure of manufacturing in China grew at a slower-than-expected pace this month, stoking concerns that the world’s second-biggest economy is stumbling and global expansion is more muted. The HSBC Flash Purchasing Managers Index fell to 50.5 in April from 51.6 in March, missing estimates in a Bloomberg survey of 51.5. The …