Tag Archives: NZ Dollar

The New Zealand dollar fell against the yen, which gained against most major currencies as crude oil sank to a five-year low, as investors sought a haven from poor global risk sentiment. The kiwi fell to 90.94 yen from 91.92 yen in late local trading yesterday. The New Zealand dollar declined to 77.32 US cents from 77.43 cents. West Texas Intermediate for …

New Zealand shares fell in a global sell-off, paced by Xero, Westpac Banking Corp and Meridian Energy as falling oil and dairy prices and a hostage situation in Sydney weighed on investors. The NZX 50 Index fell 15.882 points, or 0.3 percent, to 5499.072. Within the index, 25 stocks fell, 18 rose and seven were unchanged. Turnover was $110 million. Last week, Wall Street recorded its worst …

The New Zealand dollar fell as traders mulled the prospects for an optimistic US Federal Reserve primed to raise interest rates when it reviews policy this week, which would stoke demand for the greenback. The kiwi fell to 77.43 US cents at 5pm in Wellington from 77.61 cents at 8am and 77.76 cents on Friday in New York. The trade-weighted index …

The US dollar’s weighting has slipped in the Reserve Bank of New Zealand’s new trade-weighted index, which adds the Chinese yuan to a line-up of 17 currencies skewed to Asia and intended to more accurately reflect New Zealand’s modern trade profile. The expanded TWI represents the biggest overhaul of the currency basket since it was introduced in the 1970s  as …

The New Zealand dollar fell as the continued decline in crude oil prices stoked concern that global economic growth may be faltering, weighing on equity markets and sapping risk appetite. The kiwi fell to 77.61 US cents as at 8:30am in Wellington, from 77.70 cents in late New York trading on Friday and from 77.90 cents in Asia at the end of …

The New Zealand dollar gained, following the euro higher, after the European Central Bank refrained from injecting more stimulus into the sluggish regional economy, and ahead of US employment data, which is closely watched by the market. The kiwi rose to 77.80 US cents at 8am in Wellington from 77.46 cents yesterday. The trade-weighted index advanced to 78.32 from 78.07 yesterday. …

The New Zealand dollar fell as increasing confidence about the pace of the US economy drove up the greenback and traders continued to weigh the implications for the local economy of weaker dairy prices. The kiwi fell to 77.55 US cents as at 8am in Wellington, from 77.71 US cents late yesterday. The trade-weighted index was little changed at 78.10 from 78.13. …

The New Zealand dollar followed its trans-Tasman counterpart lower after weaker than expected Australian economic data weighed on the outlook for the two, and as investors continued to back the greenback. The kiwi fell to 77.71 US cents at 5pm in Wellington from 77.91 cents at 8am, down 78.76 cents yesterday. The currency was little changed at 92.56 Australian cents from 92.53 cents …

Equities on Wall Street gained, along with the US dollar, amid optimism the American economy remains on firm footing after a report showed spending on construction is outpacing forecasts. In afternoon trading in New York, the Dow Jones Industrial Average rose 0.51 percent, the Standard & Poor’s 500 Index gained 0.54 percent, while the Nasdaq Composite Index added 0.41 percent. …

The New Zealand dollar fell after prices for the nation’s largest commodity export declined in the latest GlobalDairyTrade auction overnight. The kiwi weakened to 77.91 US cents at 8am in Wellington, from 78.76 cents at 5pm yesterday. The trade-weighted index dropped to 78.25 from 78.71 yesterday. Dairy product prices slipped to a fresh five-year low in the latest fortnightly auction, because of a drop in …