Currency
Currency
New Greece downgrade near default
Posted on 17 May 2012 by NZ Herald
Fitch ratings agency has downgraded debt-crippled Greece deeper into junk territory, warning of a "probable" Greek exit from the euro currency union if new national elections next month produce an anti-bailout government.Fitch said...
Kiwi dollar keeps falling on Spain fears
Posted on 17 May 2012 by NZ Herald
The New Zealand dollar fell amid concerns about the strength of Spain's banking system amid rumours of a run on cash at the recently nationalised Bankia SA, heightening speculation that the region's debt crisis is spreading.The...
NZ dollar falls to 5-month-low
Posted on 16 May 2012 by NZ Herald
The New Zealand dollar fell to a five-month low after the European Central Bank said it will temporarily stop lending to Greece's banks, damping investors' appetite for risk-sensitive assets.The New Zealand dollar fell as...
Fuel prices steady as NZ dollar and cost of oil fall
Posted on 16 May 2012 by NZ Herald
The tumbling New Zealand dollar is being matched by a drop in the price of oil, meaning pump prices are staying about where they are - for now.Oil has dropped to its lowest price in five months with the price of a barrel of Brent...
NZ dollar slides after Greece calls new election
Posted on 15 May 2012 by NZ Herald
The New Zealand dollar fell 1 US cent after Greek politicians called for new elections after crisis talks failed and dairy product prices declined for the third straight sale in Fonterra's global auction.The New Zealand dollar fell...
NZ dollar falls to 5-month low on Greek impasse
Posted on 14 May 2012 by NZ Herald
The New Zealand dollar fell to a five-month low as Greek politicians struggled to form a new government, heightening speculation the nation may leave the euro region and sapping investors' risk appetite.The New Zealand dollar...
Kiwi dollar dips after weak retail stats
Posted on 14 May 2012 by NZ Herald
The New Zealand dollar edged down slightly after the release of worse-than-expected retail sales data for the March quarter.By late morning, the Kiwi was trading at around US78.0c, down from SU78.10c just before Statistics...
NZ dollar up after China lowers bank reserve
Posted on 13 May 2012 by NZ Herald
The New Zealand dollar rose after China cut the amount of cash that banks must set aside for reserves, a move that may stoke lending and economic activity in the nation's second-largest export market.The New Zealand dollar traded...
China acts to avoid sharp slowdown
Posted on 13 May 2012 by NZ Herald
China's central bank announced at the weekend a cut in the amount of reserves that banks must hold to try to spur lending and revive a sharply flagging economy.The 0.5 percentage point cut in the banks' required reserve by the People's...
Jack Tame: Progressive economy? Don’t you believe it
Posted on 12 May 2012 by NZ Herald
In America, I'd never met anyone called Pauline. Not that I'd dwelled on the fact. When the bank queue split off for the different tellers I was drawn to her and her golden name badge. I wondered if maybe Pauline fell in the same...
NZ dollar holds near 4-month low on US, Euro news
Posted on 10 May 2012 by NZ Herald
The New Zealand dollar held near a four-month low after the European Bailout Fund pledged its support to Greece, easing concerns the indebted nation will leave the euro and America's jobless claims came in better-than-expected.The...
NZ dollar holds near 4-month low
Posted on 09 May 2012 by NZ Herald
The New Zealand dollar held near a four-month low as Greek politicians struggled to form a new government, heightening speculation the nation may leave the euro and sapping risk appetite.The New Zealand dollar traded at 78.46...
Dollar tumble reduces OCR cut prospects
Posted on 08 May 2012 by NZ Herald
The Reserve Bank of New Zealand's view that the kiwi dollar is set to fall further has reduced prospects of a cut in an official cash rate that is already at a record low, economists say. In its latest financial stability report,...
NZ dollar drops to 4-month low as Europe rattles markets
Posted on 08 May 2012 by NZ Herald
The New Zealand dollar fell to a four-month low and may extend its decline amid concern the commitment of new euro zone governments such as in Greece and France to austerity measures may waiver, undermining the region's economy.The...
Kiwi Dollar tipped to keep on sliding
Posted on 08 May 2012 by NZ Herald
Renewed uncertainty in Europe has once again clouded the outlook for the New Zealand dollar.The currency ended yesterday at US79.30c - having spent March and April in a US80.50c to US83c range.Imre Speizer, Westpac's senior currency...
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