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NZ dollar falls vs. yen before BOJ, rises against greenback

The New Zealand dollar fell against the yen before the Bank of Japan’s meeting today as traders trimmed short positions in the Japanese currency to guard against the central bank under-delivering on monetary easing. The kiwi fell to 78.15 yen from 78.57 yen at 5pm in Wellington yesterday. The currency rose to 84.19 US cents from 84.02 cents. The BOJ …

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While you were sleeping US data disappoint

Wall Street sagged from the record highs reached yesterday as the latest jobs and services industry data were weaker than expected, prompting concern about the strength of the recovery in the world’s largest economy. Companies added 158,000 workers in March, ADP Research Institute data showed today, well below expectations of economists polled by Bloomberg and Reuters and the smallest increase …

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NZ dollar gains vs. euro, pound as central bank meetings loom

The New Zealand dollar held gains against the euro and pound as investors await central bank meetings in Europe and the UK with that region struggling to recover from its sovereign debt crisis. The kiwi rose to 65.60 euro cents at 5pm in Wellington from 65.30 cents yesterday and held near a record at 55.69 British pence from 55.10 pence. …

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