Tag Archives: NZ Dollar

Reserve Bank governor Graeme Wheeler singled out rising house prices as a threat to the country’s financial stability and kept the official cash rate at 2.5 percent, as expected, saying the overvalued New Zealand dollar was holding consumer prices below the bank’s target band. “The bank does not want to see financial stability or inflation risks accentuated by housing demand …

While other countries like Japan manage their currencies lower, New Zealand Prime Minister John Key says there are benefits to a strong exchange rate, even as it creates headaches for exporters. In his state of the nation address in Auckland, Key said prices for primary exports are holding up and the country’s terms of trade remain high. That is helping …

The New Zealand dollar firmed slightly on approval of a temporary increase in the US debt ceiling, which came after a mixed session overnight. The kiwi was at 84.18 US cents at 8am, up from 84.05 cents at 5pm. It traded as high as 84.41 cents overnight. News that the US House of Representative voted on Wednesday US time to …

The New Zealand dollar firmed against the Australian dollar after a weaker-than-expected inflation report increased the chances of a an official interest rate cut by the Reserve Bank of Australia. The kiwi was at 79.78 Australian cents at 5pm, up from 79.53 Australian cents at 8am. The aussie dollar weakened on news that the headline consumers price index rose 0.2 …

The New Zealand dollar is firmer ahead of Australian inflation data and after the Bank of Japan came out with an open-ended stimulus programme. The kiwi was at 84.04 US cents at 8am, up from 83.99 cents at 5pm yesterday. It fell to 74.51 yen, from 75.17 yen at 5.20pm on Tuesday after the Bank of Japan disclosed monetary policy …

The New Zealand dollar rose during the local trading day as market-watchers across Asia waited for a crucial Japanese monetary policy decision. That decision came just after 5pm and saw the Bank of Japan announce a doubling in the country’s inflation target to 2 percent and adoption of a US Federal Reserve-style quantitative easing programme of bond-buying. Bloomberg reported the …

The New Zealand dollar was trading in a narrow range as traders waited for direction on Japanese monetary police and for US markets to gear up again after the Martin Luther King holiday. The kiwi was at 83.63 US cents at 8am on Tuesday, little changed from 83.60 cents at 5pm on Monday. The currency traded in a relatively narrow …

New Zealand dollar trading got off to a slow start on Monday due to the regional holiday in Wellington and Martin Luther King holiday weekend in the US. The kiwi was at 83.69 US cents at 8am, little changed from 83.54 cents at 5pm on Friday. It fell on Friday after weaker-than-expected December quarter consumers price index data implied interest …

The New Zealand dollar was confined in a narrow range ahead of the release of the December quarter consumer price index (CPI) this morning. The kiwi was at 84.10 US cents at 8am, up from 83.93 US cents at 5pm on Thursday. “It traded in a 40 point range at best overnight ,” Mike Jones, from the sales team at …

The New Zealand dollar rose against the greenback, even as US stocks fell, in what may be a run of safe-haven buying that’s also lifted the Australian dollar. The kiwi rose to 83.55 US cents from 82.94 cents at 5pm in Wellington yesterday. The trade-weighted index climbed to 75.19 from 74.82. Stocks on Wall Street fell ahead of the US …