Tag Archives: NZ Dollar

The New Zealand dollar was little changed against its trans-Tasman counterpart after the Reserve Bank of Australia kept its key rate at a record low, while saying a weaker currency was desirable to foster balanced economic growth. The kiwi traded at 92.53 Australian cents at 5pm in Wellington from 92.65 cents immediately before the release, and 92.45 cents yesterday. It …

The New Zealand dollar jumped against the yen after credit ratings agency Moody’s Investors Service cut Japan’s credit rating, The kiwi touched 93.45 yen, its highest level since Nov. 21 when it reached a seven-year high of 93.68 yen. The local currency was trading at 93.32 yen at 8am in Wellington, from 92.87 yen at 5pm yesterday. The New Zealand …

Westland Milk Products, the Hokitika-based dairy cooperative, has cut its forecast milk payout for the second time in four months, saying a global over-supply of dairy products and a relatively high kiwi dollar had crimped cash flows. Westland cut its forecast for the 2014/2015 season by 40 cents to a range of $5 to $5.40 per kilogram of milk solids, from a …

The New Zealand dollar was volatile following the release of the Federal Reserve minutes to its last meeting this morning, as the minutes failed to outline plans for likely interest rate hikes in the world’s largest economy. In the hour following the publication of the minutes at 8am New Zealand time, the kiwi traded between 78.39 US cents 78.93 cents, from 78.71 cents immediately …

The New Zealand dollar fell more than a US cent against the US dollar as traders absorbed the knock-on effect of weaker dairy prices on the domestic economy and the greenback strengthened in the wake of Japanese prime minister Shinzo Abe’s confirmation of a snap election and a delay in a sales tax hike. The New Zealand dollar fell to 78.70 US cents at …

The New Zealand dollar touched a fresh seven-year high against the yen after Japanese prime minister Shinzo Abe called a snap election and said he would delay plans to hike sales tax to seek a mandate for economic reform after the country fell into recession. The kiwi reached 93.22 yen, its highest since July 2007, and was trading at 92.75 yen …

The New Zealand dollar gained after the Reserve Bank’s report on the strength of the nation’s financial system reminded the market that the central bank is still in a tightening cycle, and will continue to lift interest rates when necessary. The kiwi rose to 78.24 US cents at 5pm in Wellington from 78.09 cents at 8am and 77.48 cents yesterday. The …

The New Zealand dollar soared to the highest in more than seven years against the yen on reports Prime Minister Shinzo Abe will call a snap election, seeking a mandate for further economic reforms including an increase in sales tax. The kiwi touched 90.33 yen, its highest level since October 2007, and was trading at 90.21 yen at 8am in Wellington, from 89.06 …

The New Zealand dollar fell below a key support level of 77 US cents overnight, driven by a strengthening US currency on optimism about the outlook for the world’s largest economy. The kiwi touched 76.83 US cents, and was trading at 77.15 cents at 8am in Wellington, from 78.29 cents at 5pm yesterday. The trade-weighted index dropped to 76.51 from …

The New Zealand dollar gained after weaker than expected US durable goods data weighed on the outlook for growth in the world’s largest economy. The kiwi rose to 79.25 US cents at 8am in Wellington, from 78.98 cents yesterday. The trade-weighted index advanced to 76.93 from 76.71 yesterday. The US dollar index, which measures the greenback against a basket of …