Tag Archives: NZ Dollar

The New Zealand dollar may fall if a bank run in heavily indebted nations emerges after a lifeline thrown to Cyprus saw a major bank shut down and will leave uninsured depositors facing losses. The kiwi traded at 84.44 US cents at 5pm in Wellington from 83.59 cents at 8am and 83.47 cents yesterday. The trade-weighted index gained to 76.60 …

The New Zealand dollar fell against the euro after the Cypriot government stitched together a lifeline from the European Union and International Monetary Fund to keep the Mediterranean nation from defaulting and forcing the first euro-exit. The kiwi fell to 64.05 euro cents at 5pm in Wellington from 64.22 cents on Friday in New York. The local currency traded at …

The New Zealand dollar is heading for a 1.2 percent weekly gain on a trade-weighted basis after figures showed the economy grew at almost twice the Reserve Bank’s expected pace in the fourth quarter and amid talk Fonterra Cooperative Group may hike its payout next week. The kiwi rose to 76.46 on the trade-weighted index at 5pm in Wellington from …

The New Zealand dollar climbed to a three-week high after government figures showed the economy grew 1.5 percent in the final three months of 2012, almost twice the Reserve Bank’s forecast. The kiwi rose to 82.67 US cents at 5pm in from 82.27 cents at 8am and the same price yesterday. The trade-weighted index gained to 76.12 from 75.78 yesterday. …

The New Zealand dollar was little changed against the greenback ahead of figures forecast to show the economy picked up pace in the fourth quarter. It dropped against the euro on speculation may provide aid as an alternative to an EU bailout. The New Zealand dollar traded at 82.31 US cents from 82.27 cents at 5pm in Wellington yesterday. The …

The New Zealand dollar extended its slide after figures showed the current account deficit widened more than expected in the fourth quarter and the bailout impasse in Cyprus kept the US dollar well bid. The kiwi dollar fell to 82.28 US cents in late New Zealand trading from 82.51 cents immediately before the balance of payments figures. The trade-weighted index …

The New Zealand dollar was little changed after the Reserve Bank of Australia released minutes of its last policy meeting, giving little further in the way of clues to its interest rate intentions. The kiwi dollar traded at 82.48 US cents, little changed from the start of New Zealand trading and up from 82.33 cents the previous day. The trade-weighted …

The New Zealand dollar edged higher against the greenback after Cyprus delayed a vote on its EU bailout amid talk the proposal may be watered down. The kiwi rose to 82.48 US cents from 82.33 cents at 5pm in Wellington yesterday. The trade-weighted index rose to 75.86 from 75.75. Cypriot ministers are seeking to revise the plan that would impose …

The New Zealand dollar held near its recent lows following the euro-zone’s bailout plan for Cyprus that included clipping the island’s bank deposits, stoking concern the same demand could occur in nearby nations and spark a run on banks. The kiwi dollar traded at 82.27 US cents from 82.29 cents at the start of the day and down from 82.72 …

The New Zealand dollar may fall this week, with the US Federal Reserve’s statement on Thursday and fallout over Cyprus’s bailout likely to trump local economic growth and balance of payments data. The kiwi dollar recently traded at 82.23 US cents, down from 82.72 cents in New York trading on Friday. It may trade in a range of 81 cents …