Tag Archives: NZ Dollar

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 …

The New Zealand dollar rose against the Australian dollar as investors look ahead to reports today which may show the Australian economy is weakening, increasing the likelihood of further interest rate cuts. The kiwi advanced to 87.50 Australian cents at 8am in Wellington from 87.32 cents at the 5pm market close in Wellington yesterday. The local currency slipped to 80.01 …

The New Zealand dollar rose to its highest in almost two weeks as investors unwound bets the greenback would advance amid uncertainty about when the Federal Reserve will begin tapering monetary stimulus. The kiwi jumped to 80.17 US cents at 8am in Wellington, after earlier touching 80.46 cents, from 79.60 cents yesterday. The trade-weighted index increased to 75.27 from 74.90 …

The New Zealand dollar advanced as investors increased their holdings of the local currency following a sell off earlier in the week on concern about the impact of a food contamination scare on the New Zealand economy. The kiwi rose to 79.56 US cents at 8am in Wellington from 78.94 cents yesterday. The trade-weighted index gained to 75 from 74.66. …

The New Zealand dollar recovered more ground as fears of weaker exports and lower payouts to farmers receded following a food contamination scare at Fonterra Cooperative Group, the nation’s largest company. The kiwi rose to 78.98 US cents at 8am in Wellington from 78.51 cents at the 5pm market close. The trade-weighted index advanced to 74.67 from 74.37 yesterday. The …

Prices of dairy products fell in the latest GlobalDairyTrade auction, while the volume sold jumped to a record, suggesting little if any reaction to Fonterra Cooperative Group’s whey protein contamination scare. The GDT Price Index, previously known as the GDT-TWI Price Index, fell 2.4 percent compared to the last sale two weeks ago. The average winning price was US$4,847 a …

The New Zealand dollar pared gains against its Australian counterpart after the central bank cut interest rates across the Tasman, matching the local key rate, but without indicating if there’s scope for further cuts. The kiwi fell to 87.47 Australian cents at 5pm in Wellington from 87.72 cents immediately before the announcement and 87.53 cents yesterday. The local currency traded …

The New Zealand dollar recovered some ground on confidence trade with China would not be as severely affected as first thought by a food contamination scare at Fonterra Cooperative Group, the nation’s largest company. The kiwi rose to 78.05 US cents at 8am in Wellington from 77.71 cents at 5pm yesterday. The trade-weighted index advanced to 74.04 from 73.81 yesterday. …

The New Zealand dollar may decline this week as some traders deem its recent rise above 80 US cents as overdone and as potential damage to exports from a food contamination scare at dairy giant Fonterra Cooperative Group weighs on sentiment. The local currency may trade between 75.50 US cents and 80.60 cents this week, according to a BusinessDesk survey …

The New Zealand dollar slumped on concern a food contamination scare at Fonterra Cooperative Group, the nation’s largest dairy company, will hit exports. The kiwi fell to a month low of 76.99 US cents, and recently traded at 77.15 US cents from 78.31 cents at the New York close and 78.87 cents at the 5pm market close in Wellington on …