Tag Archives: NZ Dollar

The New Zealand dollar was little changed above 83 US cents after testing the upper limits of its recent trading range as traders await this week’s meeting of Federal Reserve policymakers. cheap software downloads The kiwi dollar traded at 83.36 US cents from 83.31 cents at 5pm in Wellington yesterday. It earlier reached 83.53 cents, a level it hasn’t seriously …

The New Zealand dollar gained after Fonterra Cooperative Group lifted its forecast payout to farmers next year on rising dairy prices, and after Chinese manufacturing figures on the weekend gave investors heart about the strength of the world’s second-biggest economy. The kiwi rose to 83.32 US cents at 5pm in Wellington from 83.12 cents at 8.30am and 83.24 cents on …

he New Zealand dollar may gain this week though that would likely require further new measures from the US Federal Reserve and strategists are divided on whether it would take such a step without the fiscal cliff being resolved. The kiwi dollar recently traded at 83.32 US cents, edging up from 83.24 cents in New York on Friday after Fonterra …

The New Zealand dollar held above 83 US cents, having rallied in New York on Friday following figures showing the US economy added more jobs than expected and the jobless rate fell. Weaker US consumer sentiment capped the gains. The New Zealand dollar fell to 83.12 US cents from 83.24 cents in late New York trading on Friday. The trade-weighted …

The New Zealand dollar is headed for a 1.4 percent gain this week after Reserve Bank governor Graeme Wheeler quashed expectations for a rate cut, singling out the country’s inflationary pressures as his number one bugbear. The kiwi traded at 83.18 US cents at 5pm in Wellington from 83.12 cents at 8am and 82.87 cents yesterday. The trade-weighted index climbed …

The New Zealand dollar climbed to a 16-month high on a trade-weighted basis after investors piled into currency after Reserve Bank governor Graeme Wheeler yesterday all-but ruled out a rate cut as he zeroes in on potential inflation emerging in the country’s housing market. The trade-weighted index rose as high as 74.45, the highest level since August last year, and …

The New Zealand dollar rose to a nine-month high on a trade-weighted basis after Reserve Bank governor Graeme Wheeler kept the benchmark interest rate unchanged and warned about the threat of inflation in the housing market. The trade-weighted index rose as high as 74.15, the highest since Feb. 20, and traded at 74.03 at 5pm in Wellington from 73.52 yesterday. …

The New Zealand dollar rose after Reserve Bank governor Graeme Wheeler kept his forecast track for interest rates almost unchanged and gave no signal there’s room for the official cash rate to be cut. The kiwi dollar rose to 82.81 US cents from 82.49 cents immediately before the monetary policy statement was released. The trade-weighted index rose to 73.84 from …

New Zealand’s unemployment rate of 7.3 percent overstates the weakness of the country’s labour market, which has been tapering off through the latter half of this year, the Reserve Bank says. The bank’s latest forecast is more downbeat about the level of unemployment over the next two years, but isn’t convinced joblessness is at a 13-year high as shown in …

The persistent strength of the New Zealand dollar has been a “significant headwind” to the economy as it erodes export earnings and encourages local consumers to buy foreign-made goods, according to Reserve Bank governor Graeme Wheeler. The Reserve Bank has raised its forecasts for the currency over the coming two years, as international money markets chase yields in a low …