Tag Archives: NZ Dollar

The New Zealand dollar rose against the euro as slowing European inflation prompted speculation of further stimulus from the European Central Bank. The kiwi advanced to 61.69 euro cents at 8am in Wellington, from 61.44 cents at 5pm yesterday. The local currency edged lower to 77.91 US cents from 78 cents yesterday. The euro weakened after data showing inflation in …

The New Zealand dollar is heading for an 11 percent slump in the September quarter as global demand for the greenback has rallied on the prospect of rising US interest rates next year, and as the Reserve Bank of New Zealand confirmed it had been active in the currency market, having jawboned the kiwi since July. The local currency fell to 78 …

The New Zealand dollar edged up following its dramatic slump yesterday after the Reserve Bank confirmed speculation it intervened in the currency market last month, selling the kiwi in an attempt to push its value down and benefit exporters, and Prime Minister John Key suggested a “Goldilocks” level far lower than at present. The kiwi regained some ground overnight and was trading at 77.69 …

The New Zealand dollar is heading for a 2.8 percent slide against the greenback this week after Reserve Bank governor Graeme Wheeler jawboned down the kiwi and Fonterra Cooperative Group cut its forecast payout to farmers, as global investors start eyeing higher interest rates in the US. The kiwi fell to 78.98 US cents at 5pm in Wellington from 81.24 cents …

The New Zealand dollar tumbled more than half a US cent after Reserve Bank governor Graeme Wheeler invoked two of the conditions for the bank to intervene in currency markets, saying its strength was “unjustified and unsustainable” given the decline in commodity prices. Wheeler repeated the words he used in the July 24 official cash rate review in a statement titled: …

The New Zealand dollar jumped against the European common currency overnight after a report signalled further weakness in the European economy, fuelling bets the European Central Bank may add further stimulus. The kiwi rose to 63.14 euro cents at 8am in Wellington, from 62.85 cents at 5pm yesterday. The local currency slipped to 80.73 US cents from 80.80 cents yesterday as the …

The New Zealand dollar fell to a year-low after Fonterra Cooperative Group cut its forecast payout to farmers for the current season in the face of dwindling dairy prices. The decline was limited by reports Japanese Prime Minister Shinzo Abe is wary of weakness in the yen. The kiwi dollar fell as low as 80.40 US cents after the Fonterra announcement, trading …

The New Zealand dollar fell to a year low as it declined along with other commodity currencies on concern about slowing growth in China and cemented that low after Fonterra Cooperative Group cut its forecast payout to farmers. The kiwi fell to 80.40 US cents after Fonterra’s 8.30am announcement, its lowest since September last year. The dairy exporter cut the …

The New Zealand dollar, which has dropped along with other so-called commodity currencies on concern China’s economic growth is slowing, held near its lowest levels in seven months before Fonterra Cooperative Group’s annual results, which may include a cut to its payout forecast. The kiwi traded at 81.25 US cents at 5pm in Wellington, from 81.28 cents at the start of the day …

The New Zealand dollar fell alongside the Australian and Canadian dollars on concern slowing growth in China would reduce demand for the countries’ commodities. The kiwi slipped to 81.28 US cents at 8am in Wellington, from 81.56 cents at 5pm yesterday, while the Australian dollar fell to 88.75 US cents from 89.35 cents, and the Canadian dollar dropped to 90.64 US cents …