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Currency

NZ Dollar Drops Another US1c

Wellington, June 10 NZPA - The New Zealand dollar lost another US cent today as it fell to a one-month low against a recovering US dollar.

NZ Dollar Falls US1c Overnight As Greenback Strengthens

Wellington, June 10 NZPA - A broadly strengthening greenback saw the New Zealand dollar fall US1c overnight. From US76.81c at 5pm yesterday, the kiwi was down to US75.84c by 8am today. That was around its lowest levels since late January, apart from a brief dip lower 3-1/2 weeks ago.

Currency Rates At 5pm

Wellington, June 9 NZPA - Reuters currency rates: 5pm today 5pm Friday NZ dlr/US dlr US76.81c US76.74c NZ dlr/Aust dlr A79.91c A79.84c NZ dlr/euro 0.4868 0.4926

Currency Marks Time In Holiday Trading

Wellington, June 9 NZPA - The New Zealand dollar traded narrowly in thin volume as Australia and some Asian markets went on holiday. The NZ dollar moved in a 20-point range and ended little changed against the greenback, at US76.81c, versus US76.74c at Friday's local close.

NZ Dollar Down Against Euro And Yen

Wellington, June 9 NZPA - The New Zealand dollar is down against the euro and yen but is holding its own with the Australian and United States dollars.

NZ Dollar Falls To Seven Year Low Against The Aussie

Wellington, June 6 NZPA - The New Zealand dollar fell to a seven year low against the Australian dollar today after the Reserve Bank yesterday signalled it would shortly begin an easing cycle.

NZ Dollar Makes Small Gains Against Weaker Greenback

Wellington, June 6 NZPA - After its sharp fall yesterday, the New Zealand dollar made up a little ground against the greenback overnight but slid further against the euro and Australian dollar. By 8am today the kiwi was buying US76.78c from US76.57c at 5pm yesterday.

NZ Dollar Slumps After RBNZ Rate Cut Signal Surprises

Wellington, June 5 NZPA - The New Zealand lost more than US1 cent today, and hit a nearly seven-year low against the Australian dollar, after the Reserve Bank said it could cut interest rates by the end of the year.

NZ Dollar Rises Then Falls Ahead Of Interest Rate Decision

Wellington, June 5 NZPA - The New Zealand dollar rose in the first half of the overnight session against the greenback and euro, but then fell away again as the market awaits the Reserve Bank's interest rate decision at 9am.

Robust GDP Figures Boost Aussie Against Kiwi

Wellington, June 4 NZPA - Much stronger than expected Australian GDP data saw the Aussie dollar flex its muscles against the kiwi and other currencies today.

Bumpy Night For NZ Dollar As Greenback Firms Broadly

Wellington, June 4 NZPA - The New Zealand dollar had a bumpy night, initially spiking up against the greenback but then tumbling as the US currency advanced broadly. By 8am today, the kiwi was buying US78.12c, having peaked overnight around US78.90c, from US78.38c at 5pm yesterday.

NZ Dollar Rises Despite Renewed Focus On Risk And Credit Squeeze

Wellington, June 3 NZPA - The New Zealand dollar made gains today despite fresh fears of fallout from the global credit crisis and a fall in stocks that prompted investors to avoid risks and unwind carry trades.

NZ Dollar Squeezes Out Gains Over Long Weekend

Wellington, June 3 NZPA - The New Zealand dollar made gains over the long weekend, as the market looks ahead to the Reserve Bank's next interest rate review and monetary policy statement on Thursday.

Small Gains For NZ Dollar

Wellington, May 30 NZPA - The New Zealand dollar made small gains against major currencies today as the greenback steadied after rallying to three-month highs against the yen on better than expected data and the prospect of higher rates.

NZ Dollar Slides Under US78c As Greenback Rallies

Wellington, May 30 NZPA - The New Zealand dollar was knocked below US78c overnight as the United States dollar rallied on data showing the US economy was growing faster than expected, bolstering expectations of a rate rise.

NZ Dollar Eases Against Broadly Stronger Greenback

Wellington, May 29 NZPA - The New Zealand dollar eased today against a broadly rising greenback. By the local close today, it was buying US78.49c from US78.91c at 5pm yesterday. During a two-hour period early in the offshore session it dropped half a cent from above US79c.

NZ Dollar Takes Step Down Against Broadly Gaining Greenback

Wellington, May 29 NZPA - The New Zealand dollar took a step down against a broadly rising greenback overnight.

NZ Dollar Pulls Back On Profit Taking

Wellington, May 28 NZPA - The New Zealand dollar pulled back from three-week highs against major currencies as traders took profits today. At the close of the local session, the dollar was buying US78.91c, slightly down on its US79c close yesterday.

NZ Dollar Hits Three-week Highs Against Major Currencies

Wellington, May 28 NZPA - The New Zealand dollar reached three-week highs against major currencies, supported by higher Reserve Bank inflationary expectations and marginally improved business confidence.

NZ Dollar Powers Back To US79c

Wellington, May 27 NZPA - The New Zealand dollar strengthened against all currencies today in a market thinned by holidays in the US and Europe. Against the greenback it powered up to US79c by the close against its US78.64c close yesterday.

NZ Dollar In Narrow Band During Quiet Trading

Wellington, May 27 NZPA - The New Zealand dollar traded in narrow bands overnight, with markets in both the United States and Britain closed for the holidays.

NZ Dollar Quiet As It Settles From Budget

Wellington, May 26 NZPA - The New Zealand dollar had a quiet day as it continued to settle after last week's budget announcement and international holidays accounted for subdued trading.

Yield Demand Gets NZ Dollar Near US79c Overnight Friday

Wellington, May 26 NZPA - The New Zealand dollar found more yield demand overnight Friday as the greenback slid further against a basket of major currencies.

NZ Dollar Holds Post Budget Gains

Wellington, May 23 NZPA - The New Zealand dollar largely held its post-budget gains today after the currency spiked up on a much more stimulatory budget than anticipated. Analysts believe interest rates will be held up for longer and cuts will be smaller as a result of the budget.

NZ Dollar Eases From Fortnight Highs Against Major Currencies

Wellington, May 23 NZPA - The New Zealand dollar hit fortnight highs against major currencies overnight after spiking following yesterday's budget.

NZ Dollar Vaults Ahead After Stimulatory Budget

By Simon Louisson of NZPA Wellington, May 22 NZPA - The New Zealand dollar jumped more than one US cent today after the Government delivered a budget that was far more stimulatory than anticipated.

NZ Dollar Initially Rallies Then Falls Away

Wellington, May 22 NZPA - The New Zealand dollar initially rallied overnight against the greenback, yen and Australian dollar but then fell away against those currencies and against the euro.

NZ Dollar Holds Steady Ahead Of Budget

Wellington, May 21 NZPA - The New Zealand dollar held steady today after it firmed a tad overnight in quiet trading. At 5pm, it was buying US77.47c from US77.22c at 5pm, having peaked overnight above US77.70c.

NZ Dollar Up Against Greenback, Down Vs Euro

Wellington, May 21 NZPA - The New Zealand dollar firmed against a generally weaker greenback, while slipping against a strengthening euro. By 8am today the kiwi was buying US77.43c from US77.22c at 5pm, having peaked overnight above US77.70c.

NZ Dollar Retreats After Riding Aussie Coat Tails

Wellington, May 20 NZPA - The New Zealand dollar remained subdued today, weakening against the Australian dollar, which received a boost from its central bank.

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