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NZ dollar set to end week unchanged

WELLINGTON: The New Zealand dollar is set to end the week largely unchanged, belying the volatility that saw it fall to a two-month low midweek as expectations grew that the Reserve Bank may cut interest rates as early as next month. The kiwi was trading at 74.74 US cents at 5pm in Wellington, from 74.86 cents at the New York ... Read More »

 NZ dollar falls to 1 week low against British pound

FREANCE: The New Zealand dollar fell to a one-week low against the British pound after Bank of England governor Mark Carney said the next move in interest rates would be an increase, despite record low inflation. The kiwi touched 50.68 British pence, and was trading at 50.71 pence at 8am in Wellington, from 51.03 pence at 5pm on Friday. The ... Read More »

Australian, NZ dollar edges up on US Dollar

SYDNEY: The Australian and New Zealand dollars edged up on Friday as a shakeout in bullish US dollar positions gave the beleaguered Antipodeans some respite. The Australian dollar was at $0.7697, having jumped 1.4 percent on Thursday when disappointing US retail sales hurt the US dollar and triggered a wave of short covering. Resistance was found around $0.7735, then $0.7775. ... Read More »

NZ dollar falls to 75.31 US cents on better-than-expected

WELLINGTON: The New Zealand dollar has fallen as the greenback advanced after better-than-expected US data on inflation and business orders bolstered confidence about the outlook for the world’s largest economy. The kiwi slipped to 75.31 US cents at 8am in Wellington, from 75.63 cents. The trade-weighted index was at 78.22 from 78.26 yesterday. The dollar index, which measures the greenback ... Read More »

NZ dollar falls to 75.31 US cents on better-than-expected

WELLINGTON: The New Zealand dollar has fallen as the greenback advanced after better-than-expected US data on inflation and business orders bolstered confidence about the outlook for the world’s largest economy. The kiwi slipped to 75.31 US cents at 8am in Wellington, from 75.63 cents. The trade-weighted index was at 78.22 from 78.26 yesterday. The dollar index, which measures the greenback ... Read More »

NZ dollar achieves new high of 97.07c against Aussie

WELLINGTON: The kiwi dollar has touched a post-float high of 97.07 Australian cents overnight, and was trading at 96.51 cents at 8am in Wellington, from 96.54 cents. The local currency slipped to 75.19 US cents from 75.64 cents. The Aussie dollar has weakened as softer demand for iron ore from China, the country’s largest trading partner, dents exports and weighs ... Read More »

Trading at 95.75 Australian cents: NZ dollar decreases against Australian dollar after record high

WELLINGTON: The New Zealand dollar has fallen from its high record against the Australian dollar. The kiwi touched 95.75 Australian cents and was trading at 95.85 cents at 8am in Wellington, from 96.43 cents at 5pm on Friday. The local currency was trading at 75.20 US cents from 75.18 cents at the New York close and 75.31 cents on Friday. ... Read More »

NZ dollar achieves new high of 97.07c against Aussie

WELLINGTON: The kiwi dollar has touched a post-float high of 97.07 Australian cents overnight, and was trading at 96.51 cents at 8am in Wellington, from 96.54 cents. The local currency slipped to 75.19 US cents from 75.64 cents. The Aussie dollar has weakened as softer demand for iron ore from China, the country’s largest trading partner, dents exports and weighs ... Read More »

NZ dollar records high against Australian dollar

NEW YORK: The New Zealand dollar rose, touching a fresh record against the Aussie dollar, after minutes of the Federal Reserve’s last meeting suggested officials may favour keeping US interest rates lower for longer. The kiwi jumped to 75.52 US cents at 8.30am in Wellington, from 75.17 cents ahead of the 8am release of the minutes, and 75.36 cents at ... Read More »

NZ dollar records high against Australian dollar

NEW YORK: The New Zealand dollar rose, touching a fresh record against the Aussie dollar, after minutes of the Federal Reserve’s last meeting suggested officials may favour keeping US interest rates lower for longer. The kiwi jumped to 75.52 US cents at 8.30am in Wellington, from 75.17 cents ahead of the 8am release of the minutes, and 75.36 cents at ... Read More »

NZ dollar records 5 week high against Australian dollar

NEW YORK: The New Zealand dollar jumped to its highest in almost five weeks against the Australian dollar, edging closer to its post-float high. This comes as investors favour the outlook for the stronger New Zealand economy ahead of a report which may show the Australian labour market weakened last month. The kiwi touched 95.81 Australian cents this morning, close ... Read More »

NZ dollar records 5 week high against Australian dollar

NEW YORK: The New Zealand dollar jumped to its highest in almost five weeks against the Australian dollar, edging closer to its post-float high. This comes as investors favour the outlook for the stronger New Zealand economy ahead of a report which may show the Australian labour market weakened last month. The kiwi touched 95.81 Australian cents this morning, close ... Read More »

NZ dollar climbs to 4 week high against Australian dollar

NEW YORK: The New Zealand dollar rose to its highest in almost four weeks against the Australian dollar as investors favored the higher yields on offer in New Zealand. The kiwi touched 95.39 Australian cents overnight, its highest level since January 16, and was trading at 95.28 cents at 8am in Wellington, from 94.91 cents at 5pm on Tuesday. The ... Read More »

NZ dollar trade positive in Asian trade against US dollar, Yen

NEW YORK: The New Zealand dollar continued to trade in positive territory against the U.S. dollar and the yen in Asia on Friday. The kiwi, which finished yesterday’s deals at 86.85 against the yen, advanced to 87.20. The kiwi hit a 2-day high of 0.7433 against the greenback, up from an early low of 0.7384. The next likely resistance for ... Read More »

NZ dollar trade positive in Asian trade against US dollar, Yen

NEW YORK: The New Zealand dollar continued to trade in positive territory against the U.S. dollar and the yen in Asia on Friday. The kiwi, which finished yesterday’s deals at 86.85 against the yen, advanced to 87.20. The kiwi hit a 2-day high of 0.7433 against the greenback, up from an early low of 0.7384. The next likely resistance for ... Read More »

NZ dollar records 3 week high against Aussie dollar

NEW YORK: The New Zealand dollar has hit a three-week high against the Aussie after New Zealand’s Reserve Bank reiterated that interest rates are expected to remain on hold for ‘some time’. The comment comes in the same week that Australia cut its rate by 25 basis points following moves lower by many other central banks. The kiwi touched 95.08 ... Read More »

NZ dollar jumps 2.2% against US dollar

LONDON: The New Zealand dollar has jumped more than 2 cents against the US dollar after hitting a four-year low overnight. The kiwi dropped to US71.76c, its lowest mark since March 2011, shortly after 9pm last night after the Reserve Bank of Australia (RBA) cut its interest rate yesterday. from 2.5 per cent to a record low 2.25 per cent ... Read More »

NZ dollar declines against Australian dollar, kiwi trades at 93.23 Australian cents

SYDNEY: The New Zealand dollar fell against the Australian dollar after surprisingly strong inflation data across the Tasman prompted traders to wind back bets that nation’s central bank could cut interest rates. The kiwi traded at 93.23 Australian cents as at 5pm in Wellington, from more than 94 cents immediately before the Australian consumer price figures were released and from ... Read More »

NZ dollar declines against Australian dollar, kiwi trades at 93.23 Australian cents

SYDNEY: The New Zealand dollar fell against the Australian dollar after surprisingly strong inflation data across the Tasman prompted traders to wind back bets that nation’s central bank could cut interest rates. The kiwi traded at 93.23 Australian cents as at 5pm in Wellington, from more than 94 cents immediately before the Australian consumer price figures were released and from ... Read More »

NZ dollar bounces back after 3yrs low, kiwi trades 74.26 US cents

WELLINGTON: The New Zealand dollar bounced back from three-year low as traders look ahead to the US Federal Reserve’s policy meeting and a announcement from the Reserve Bank to establish support for the high yielding currency. The kiwi traded at 74.26 US cents at about 5pm in Wellington, little changed from on Monday, having earlier touched 73.94 cents, its lowest ... Read More »