Tag Archives: NZ Dollar

The New Zealand dollar gained after the incumbent National Party won a convincing election victory on the weekend, instilling confidence in the administration’s ability to continue pursuing its policy programme. The kiwi rose to 81.53 US cents at 5pm in Wellington from 81.49 cents at 8am, and was up from 81.24 cents on Friday in New York. The trade-weighted index advanced to 78.78 …

The New Zealand dollar is lacking strong drivers this week after volatile trading last week on the back of several major events The kiwi will probably trade between 80.50 US cents and 82.50 cents this week, according to a BusinessDesk survey of 10 currency traders and strategists. Three pick the local currency to decline, four expect a gain and three say it will probably …

The New Zealand dollar advanced after the incumbent centre-right National Party won an outright election victory at the weekend, reassuring investors that current economic policies would continue.  The kiwi gained to 81.49 US cents at 8am in Wellington, from 81.24 cents at the New York close and 81.36 cents at 5pm on Friday. The trade-weighted index rose to 78.84 from 78.44 …

The New Zealand dollar is heading for a 0.2 percent weekly decline against the greenback, after the prospect for higher US interest rates pushed the local currency to a seven-month low. The local currency traded at 81.37 US cents at 5pm in Wellington from 81.51 cents on Friday in New York last week. It traded at 81.43 cents at 8am, up …

The New Zealand dollar slipped as investors lessen their exposure to riskier currencies on concern about a failure by US politicians to reach agreement ahead of tomorrow’s deadline for averting a debt default. The kiwi weakened to 83.64 US cents at 8am in Wellington, from 83.85 cents at the 5pm market close yesterday. The trade-weighted index declined to 77.65 from …

The New Zealand dollar jumped against the greenback overnight as investors weigh the imminent prospects of a partial US government shutdown later today should Congress fail to reach agreement on funding. The kiwi rose to 83.03 US cents at 8am in Wellington, from 82.84 cents at the 5pm market close in Wellington yesterday, making it the strongest performer versus the …

The New Zealand dollar advanced, tracking most of its peers, as the US dollar weakened following softer US jobs data last week. The kiwi rose to 80.22 US cents at 8am in Wellington, from 79.80 cents at the 5pm market close yesterday. The trade-weighted index advanced to 75.60 from 75.41 yesterday. The dollar index, which measures the greenback against a …

The New Zealand dollar edged lower as weaker-than-anticipated US jobs figures on Friday pared expectations for an aggressive withdrawal of stimulus by the Federal Reserve, and as traders prepare for the local central bank to review rates on Thursday. The kiwi slipped to 79.78 US cents at 5pm in Wellington from 80.09 cents at 8am, and 79.96 cents on Friday …

The New Zealand dollar may gain this week as the central bank’s pending decision on interest rates draws attention to the strengthening local economy, highlighting that the next move in interest rates will be up. The local currency may trade between 77.20 US cents and 82 cents this week, according to a BusinessDesk survey of nine traders and strategists. Four …

The New Zealand dollar weakened as investors bet retail sales growth in the US suggests a revival in the world’s largest economy which will prompt the Federal Reserve to start tapering its monetary stimulus next month. The kiwi slipped to 79.64 US cents at 8am in Wellington, from 79.97 cents at the 5pm market close yesterday. The trade-weighted index dipped …