Tag Archives: NZ Dollar

The Reserve Bank has removed the prospect of future interest rate hikes from its forecast horizon as a strong kiwi dollar and cheap oil hold down inflation, and the central bank ponders whether to lower its assessment of where “neutral” interest rates should be. The kiwi dollar gained after the statement. Governor Graeme Wheeler kept the official cash rate at 3.5 percent, …

The New Zealand dollar dropped to a five-week low ahead of the Reserve Bank decision on interest rates today as the greenback surged to a 12-year high. The kiwi touched 71.87 US cents, close to its February low of 71.74 cents, and was trading at 71.97 cents at 8am in Wellington, from 72.39 cents at 5pm yesterday. The trade-weighted index …

By Paul McBeth March 11 (BusinessDesk) – The New Zealand dollar fell on speculation Reserve Bank governor Graeme Wheeler may signal further delays to interest rate hikes tomorrow and amid concern a threat to contaminate infant formula may hurt orders for the nation’s dairy products. The kiwi dropped to 72.37 US cents at 5pm in Wellington from 72.62 cents at 8am …

The New Zealand dollar fell to its lowest in more than three weeks as the greenback soared after better-than-expected US jobs data boosted speculation the US Federal Reserve may raise interest rates as early as June. The kiwi fell to 73.40 US cents and was trading at 73.47 cents at 8am in Wellington, from 73.60 cents at the New York …

The New Zealand dollar rose to a record against the euro ahead of a European Central Bank meeting tonight where it’s expected to detail plans for its quantitative easing programme starting this month. The kiwi hit 68.55 euro cents, and was trading at 68.46 cents at 8am in Wellington, from 67.61 cents at 5pm yesterday. The local currency advanced to …

The New Zealand dollar slipped as stocks on Wall Street rallied ahead of economic data that’s expected to show a faster pace of growth in the world’s biggest economy. The kiwi declined to 77.24 US cents at 8am in Wellington from 77.49 cents yesterday. The trade-weighted index decreased to 78.41 from 78.53 yesterday. Stocks on Wall Street rose, with the Dow …

The New Zealand dollar was little changed as activity ebbed in the lead-up to the Christmas-New Year break, when many local market participants tend to take holidays. The kiwi traded at 77.49 US cents at 5pm in Wellington from 77.58 cents at 8am and 77.47 cents on Friday in New York. The trade-weighted index declined to 78.53 from 78.83 last week. New Zealand’s currency …

The New Zealand dollar tumbled about 1 US cent after US Federal Reserve chair Janet Yellen indicated higher US interest rates are coming, and was more upbeat about the state of the world’s biggest economy. The kiwi recently traded at 76.88 US cents, dropping from 77.90 cents before Yellen’s press conference after traders initially thought the Federal Open Market Committee …

The New Zealand dollar pared overnight gains in local trading as investors look to the outcome, tomorrow morning, local time, of the last US Federal Reserve policy meeting of the year, which may provide guidance on the US central bank’s plans to start lifting American interest rates. The kiwi fell to 77.36 US cents at 5pm in Wellington from 77.85 cents at 8am, little changed from …

The New Zealand dollar gained in volatile markets after Russian policymakers hiked interest rates to shore up a tumbling ruble and European data beat expectations, sapping demand for the US dollar ahead of the Christmas and New Year holiday period The kiwi rose to 77.85 US cents at 8am in Wellington from 77.45 cents yesterday. The trade-weighted index advanced to 78.23 …