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Bank of New Zealand

NZ Dollar Rises Through Night After Earlier Risk Aversion

Wellington, Sept 17 NZPA - The New Zealand dollar rose through the night against major currencies after earlier being caught in a bout of risk aversion-inspired selling. Around 8am today the NZ dollar was buying US66.03c, having dropped to around US64.90c yesterday evening.

NZ Sharemarket Plunges Nearly 2.3 Pct In First Few Minutes

Wellington, Sept 16 NZPA - The New Zealand sharemarket plunged in the first few minutes after opening today, following a night of turmoil in the world financial system. Around 10.05am the benchmark NZSX-50 index was down 75.19 points, or 2.27 percent, to 3244.71.

NZ Dollar Sinks After RBNZ Surprise Move

Wellington, Sept 11 NZPA - The New Zealand dollar fell sharply when the Reserve Bank cut its official cash rate by 50 basis points to 7.5 percent.

Expectations Raised Of Further 50-basis Point Cut In October

Wellington, Sept 11 NZPA - The Reserve Bank's move to lower official rates half a percentage point today has raised expectations it will follow with a cut of the same size next month.

NZ Dollar Unsettled As Worries About Us Finance Sector Rekindled

Wellington, Sept 10 NZPA - The New Zealand dollar had an unsettled night as steep falls in United States stocks rekindled worries about a shaky US financial sector.

NZ Dollar Up After US Bailout

Wellington, Sept 8 NZPA - The New Zealand dollar rose sharply today as markets reacted to the United States government bailout of mortgage finance companies Fannie Mae and Freddie Mac.

NZ Dollar Up Almost 1c Vs Greenback Since Friday Evening

Wellington, Sept 8 NZPA - The New Zealand dollar rose almost a cent against the greenback since Friday evening, after having dropped below US66c for the first time in 22 months earlier on Friday. Around 8am today the kiwi was buying US67.49c from US66.60c at 5pm on Friday.

NZ Dollar Hammered Again

Wellington, Sept 5 NZPA - The New Zealand dollar was hammered today but it was part of a global flight from risk. The NZ dollar dropped to US65.90c mid-morning for the first time in 22 months but made it back to US66.60c by 5pm.

NZ Dollar Below US66c For First Time In 22 Months

Wellington, Sept 5 NZPA - The New Zealand dollar dropped below US66c for the first time in 22 months soon after 10am today as worries about the health of the global economy continued to weigh on the currency.

Consolidation For NZ Dollar After Recent Tumbles

Wellington, Sept 4 NZPA - The New Zealand dollar consolidated today after bouncing back from a sharp fall yesterday. "There has been all sorts of carnage in currency markets over the past 24 hours," Bank of New Zealand currency strategist Danica Hampton said early today.

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