Tag Archives: NZ Dollar

The New Zealand dollar fell at the open after Cyprus delayed a vote on austerity measures that are part of a 10 billion euro bailout devised by euro zone finance ministers and would result in the island’s depositors losing some of their savings. The kiwi dollar fell to 82.29 US cents from 82.72 cents in late New York trading on …

The kiwi dollar is heading for a 1.1 percent weekly decline against its Australian counterpart as the fortunes of the neighbouring countries trade places with the gloomy pall lifting from Australia and settling over New Zealand. The local currency rose to 79.12 Australian cents at 5pm in Wellington from 78.84 cents yesterday, clawing back some of yesterday’s sell-off after better-than …

The New Zealand dollar sank to a four-month low against the greenback after the Reserve Bank threatened to cut interest rates if the currency appreciates unreasonably, and tumbled to a two-month low versus the Australian dollar after better than expected jobs figures across the Tasman. The kiwi fell to 81.74 US cents at 5pm in Wellington from 82.60 cents immediately …

The New Zealand dollar tumbled almost 1 US cents after the Reserve Bank said interest rates will remain at a record low through this year and hinted at a cut to the official cash rate if the currency was higher than justified by economic fundamentals. The kiwi fell to 81.66 US cents from 82.60 cents immediately before the statement. The …

A sharp drop in an over-valued New Zealand dollar that created inflationary pressure would need a monetary policy response, according to the Reserve Bank. The Reserve Bank has revised up its projections for the local currency on a trade-weighted basis as the kiwi remains in favour against the backdrop of increasingly upbeat global financial markets and a flood of money …

The New Zealand dollar was little changed ahead of the Reserve Bank’s statement as traders ponder its assessment of the impact of drought, a high kiwi dollar and a hot Auckland property market on the outlook for the economy. The local currency traded at 82.53 US cents from 82.50 cents at 5pm in Wellington yesterday. The trade-weighted index rose to …

The New Zealand dollar fell below 80 Australian cents for the first time since January as the drought across much of the North Island weighs on investors’ confidence in the local recovery, and as the Reserve Bank prepares to review monetary policy tomorrow. The kiwi fell as low as 79.79 Australian cents, and traded at 79.91 cents at 5pm from …

The New Zealand dollar rose, and has regained much of the ground shed after the US non-farm payrolls report on Friday, as the Standard & Poor’s 500 Index edged toward a record high, stoking risk sentiment. The kiwi rose to 82.59 US cents from 82.11 cents at 5pm in Wellington yesterday. The trade-weighted index climbed to 76.20 from 75.88. The …

The New Zealand dollar declined against the euro after European Central bank chief Mario Draghi was less gloomy than some in the market had expected, forcing traders to cover their short positions. The kiwi fell to 63.13 euro cents from 63.70 cents at 5pm in Wellington yesterday. The local currency traded at 82.79 US cents from 82.76 cents. The ECB …

The New Zealand dollar extended gains through the local session after Australian growth renewed investors’ interest in the trans-Tasman currencies after rising dairy prices and strong US equity markets sparked off an earlier rally. The kiwi rose to 83.28 US cents at 5pm in Wellington from 83.18 cents at 8.30am and 82.92 cents yesterday. The trade-weighted index advanced to 76.32 …