Currency
Currency
NZ dollar rises vs US ahead of Bernanke speech
Posted on 20 May 2013 by NZ Herald
The New Zealand dollar rose as the greenback weakened on trader bets that Federal Reserve Chairman Ben Bernanke on Wednesday may say he is still cautious about the pace of recovery in the world's largest economy.The kiwi rose to...
NZ dollar hits 8 month low
Posted on 19 May 2013 by NZ Herald
The New Zealand dollar dropped to an eight-and-a-half-month low on optimism an improving economic outlook in the US may prompt that nation's central bank to end its quantitative easing policy.The kiwi fell to 80.62...
NZ dollar slumps to 81.58 US cents overnight
Posted on 16 May 2013 by NZ Herald
The New Zealand dollar slumped to its lowest this year on expectations an improving US economy may prompt its central bank to end its quantitative easing policy this year.The kiwi fell to 81.58 US cents from 82.48 cents at 5pm yesterday....
NZ dollar slumps to 81.58 US cents overnight
Posted on 16 May 2013 by NZ Herald
The New Zealand dollar slumped to its lowest this year on expectations an improving US economy may prompt its central bank to end its quantitative easing policy this year.The kiwi fell to 81.58 US cents from 82.48 cents at 5pm yesterday....
NZ dollar rallies ahead of Budget
Posted on 15 May 2013 by NZ Herald
The New Zealand dollar strengthened against major currencies as investors take advantage of a dip in the kiwi to buy ahead of the government budget today.The kiwi rose to 82.36 US cents from 82.13 cents at 5 pm yesterday. The trade-weighted...
NZ dollar falls further vs greenback
Posted on 14 May 2013 by NZ Herald
The New Zealand dollar fell as optimism of a US recovery raises the prospect of an end to quantitative easing in the world's largest economy.The kiwi dropped to 81.82 US cents from 82.90 at 5pm yesterday. The trade-weighted index...
Air NZ forced to review Japan flights
Posted on 14 May 2013 by NZ Herald
Air New Zealand, the national carrier, is reviewing its flights from Japan as a decline in the yen crimps the value of Japanese sales when it brings the money home.The New Zealand dollar has surged 17 per cent against the Japanese...
NZ dollar slides to 82.53 US cents
Posted on 13 May 2013 by NZ Herald
The New Zealand dollar declined after better-than-expected US retail sales added to confidence the world's largest economy is expanding, reducing demand so-called growth assets outside of the US including the kiwi.The kiwi dollar...
NZ dollar slips after Wall Street Journal report
Posted on 12 May 2013 by NZ Herald
The New Zealand dollar fell after a report that the US Federal Reserve is planning to slow its policy of quantitative easing, increasing the attractiveness of US dollar assets.The kiwi fell to 82.74 US cents from 82.98 cents in...
Japan allays G7 fears of currency war as value of yen plummets
Posted on 12 May 2013 by NZ Herald
Japan convinced its partners in the Group of Seven leading industrial economies yesterday that it was not manipulating its currency as part of a bold attempt to get its economy out of a near two-decade period of stagnation.At the...
NZ dollar drops after surge in greenback
Posted on 09 May 2013 by NZ Herald
The New Zealand dollar fell as the greenback strengthened above 100 yen to a four-year high on speculation an improvement in the US economy may bring forward an end to quantitative easing.The kiwi fell to 83.90 US cents from 84.56...
NZ dollar extends slide overnight
Posted on 08 May 2013 by NZ Herald
The New Zealand dollar extended its slide after the central bank yesterday said it had sold the currency to limit rallies, and ahead of employment figures today.The kiwi fell to 83.87 US cents from 83.97 cents at 5pm yesterday,...
Bank signals mortgage restrictions
Posted on 08 May 2013 by NZ Herald
The Reserve Bank has given its strongest signal yet that it intends to restrict mortgage lending at high loan-to-value ratios, to rein in credit growth and house price inflation it already regards as "problematic".The bank confirmed...
Reserve Bank discloses intervention in foreign exchange market
Posted on 08 May 2013 by NZ Herald
The kiwi dollar dropped against the US dollar yesterday after Reserve Bank governor Graeme Wheeler disclosed to MPs that the bank had intervened in the foreign exchange market."We have indicated on the record we are prepared to...
Reserve Bank confirms currency intervention
Posted on 08 May 2013 by NZ Herald
The Reserve Bank has confirmed it intervened in foreign exchange markets last month in an attempt to push the currency lower without giving any details on the size of its action, having already given a serve to the counter-balancing...
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