Tag Archives: NZ Dollar

The New Zealand dollar shed more than half a US cent after Reserve Bank governor Graeme Wheeler outlined the central bank’s criteria to intervene in currency markets, and said he was prepared to act when those were met. The kiwi fell to 84.04 US cents at 5pm in Wellington from 84.61 cents immediately before Wheeler’s speech and down from 84.37 …

The New Zealand dollar fell from record highs on a trade-weighted basis and against the pound on speculation it may have run too hard after a string of strong economic figures. The kiwi dollar traded at 54.40 British pence, little changed from late New York trading on Friday and down from a post-float high of 55.08 pence at the end …

The New Zealand dollar rallied above 84 US cents after a Group of Seven leading nations’ official said the body was concerned about excessive moves in the yen, leading to broad selling of the greenback and lifting so-called riskier currencies. The New Zealand dollar recently traded at 84.06 US cents, having climbed as high as 84.36 cents overnight, from 83.50 …

The New Zealand dollar shed gains in local trading amid fears seismic activity in North Korea may be the result of nuclear testing, a prospect likely to spook investors. The kiwi fell to 83.45 US cents at 5pm in Wellington from 83.78 cents at 8am and up from 83.28 cents yesterday. The trade-weighted index rose to 76.01 from 75.54 yesterday. …

The New Zealand gained against its Australian counterpart after the Reserve Bank of Australia kept interest rates on hold, while leaving a future cut on the table if slowing growth and inflation get out of hand. The kiwi rose to 80.88 Australian cents at 5pm in Wellington from 80.66 cents immediately before the announcement, and down from 81.10 cents yesterday. …

The New Zealand dollar rose against the euro as European political reports renewed concerns about the region’s debt crisis and pushed the common currency down from a two-year high against the greenback. The New Zealand dollar rose to 62.49 euro cents from 62.03 cents at 5pm in Wellington yesterday. It traded at 84.46 US cents from 84.55 cents. The euro …

The New Zealand dollar rose to a 2 ½-year high against the Australian dollar before the Reserve Bank of Australia’s monetary policy review tomorrow, while largely ignoring Prime Minister John Key’s comment that the kiwi is overvalued against the greenback. The kiwi rose as high as 81.39 Australian cents, the highest since July 2010, and traded at 81.10 Australian cents …

The New Zealand dollar may extend its gains this week on rallying equity markets, offshore demand for yield and a favourable outlook for the local economy. The kiwi dollar recently traded at 84.53 US cents and earlier rose to 84.92 cents. It may trade in a range of 83.50 cents to 85.50 cents this week with a bias to the …

New Zealand commodity prices rose for a sixth straight month in January led by increasing pelt prices, though the strength of the kiwi dollar ate into the benefits for local producers. The ANZ Commodity Price Index rose 0.3 percent last month to a 10-month high 272.6. In local currency terms, the index fell 0.5 percent to 177.2, its second monthly …

By Pam Graham Reserve Bank governor Graeme Wheeler has tax and regulation reforms on his wish-list to foster local savings and investment, saying they would help improve the nation’s economy. In his first public speech of the year, Wheeler told the Canterbury Employers’ Chamber of Commerce the first way to lift the country’s economic performance is through raising savings and …