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Reserve Bank of Australia

Economists Predict Cut In OCR To 6.5 Percent Later This Month

by Kate Chapman of NZPA Wellington, Oct 8 NZPA - Economists are expecting a historic move by the Reserve Bank (RBNZ) when it reviews the official cash rate (OCR) this month -- with some forecasting a cut of 100 basis points to 6.5 percent.

NZ Sharemarket Continues To Slide With International Markets

Wellington, Oct 8 NZPA - The New Zealand sharemarket continued to follow international markets and opened sharply lower again today.

Surprise Aussie Rate Cut Boosts NZD, NZ Shares

Wellington, Oct 7 NZPA - A surprisingly deep interest rate cut across the Tasman helped New Zealand's sharemarket and currency recoup some of today's heavy losses after a global rout.

NZ Dollar Slumps To Two-Year-Low

Wellington, Oct 7 NZPA - The NZ dollar slumped to a two-year low against the US dollar overnight following "carnage" in international markets. The strong US dollar saw the NZ dollar fall to US62.03c at 8am today from US65.15c at 5pm last night.

NZ Dollar At Two-Year Low Against US Dollar

Wellington, Oct 7 NZPA - The New Zealand dollar took a dive against the US dollar overnight falling to a two-year low, as the global financial crisis deepened.

New Zealand Dollar Down

Wellington, Oct 6 NZPA - The New Zealand dollar traded lower today because the US dollar was strong and forecasts released by New Zealand's Treasury were worse than expected. "We traded down lower throughout the day," said Jake Soanes, head of financial market sales at Westpac.

NZ Dollar More Settled As Senate Passes Package

Wellington, Oct 2 NZPA - The New Zealand dollar had a relatively settled day with the US Senate approval of an amended rescue package helping calm investors' nerves. The NZ dollar was at US67.25c at 5pm from US67.46c at 8am and US67.03c at 5pm yesterday.

NZ Dollar Plunges As US Dollar Rises

Wellington, Sept 3 NZPA - The New Zealand dollar fell down the proverbial elevator shaft today, shedding nearly two United States cents since yesterday's close. A bout of selling hit the currency in late afternoon trading when it had already been eroded by strength in the US dollar.

NZ Dollar Recovers Half Of 1.3c Early Evening Tumble Vs USD

Wellington, Sept 3 NZPA - The New Zealand dollar overnight recovered about half of the 1.3c it lost to the greenback yesterday evening.

NZ Dollar Eases Against Aussie Following RBA Rate Cut

Wellington, Sept 2 NZPA - The New Zealand dollar remained stuck below US70c today, and eased against the Australian dollar despite a Reserve Bank of Australia interest rate cut.

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