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Currency

NZ Dollar Makes Recent Highs Vs Majors Then Falls Away

Wellington, May 20 NZPA - The New Zealand dollar hit recent highs against major currencies early today before fading away.

Kiwi Maintains Momentum On US Weakness

Wellington, May 19 NZPA - The New Zealand dollar maintained much of the momentum it gained offshore on Friday , thanks to US dollar weakness and a firmer Australian currency.

NZ Dollar Stronger As Greenback Hit By Weak Consumer Confidence

Wellington, May 19 NZPA - The New Zealand dollar lifted from multi-month lows towards the end of last week as the greenback took a hit from a plunge in United States consumer confidence.

NZ Dollar Makes Little Headway After Early Gains

Wellington, May 16 NZPA - The New Zealand dollar failed to build on its overnight gains, sticking to a very tight range in lacklustre trading today. Yesterday, a surprise slide in retail trade figures a week after poor job data sent the kiwi to a four-month low against the US dollar.

NZ Dollar Rebounds From Four-Month Low On Back Of Aussie

Wellington, May 16 NZPA - The New Zealand dollar rebounded nearly a cent in overnight trading, recouping losses in the wake of weak retail trade figures yesterday that sent it to a four-month low. At 8am, it was buying US76.35c compared with yesterday's close of US75.65c.

Poor Retail Sales Send NZ Dollar Scurrying To 8 Month Low

Wellington, May 15 NZPA - Much worse than expected March quarter retail sales was the catalyst for sending the kiwi dollar scurrying lower today.

NZ Dollar Below US76c For First Time In Nearly Four Months

Wellington, May 15 NZPA - The New Zealand dollar dropped below US76c for the first time in nearly four months overnight. It then regained some lost ground rising to around US76.35c early today before again fading away and by 8am was down to US76.08c.

NZ Dollar Drops To Four Month Low

Wellington, May 14 NZPA - The New Zealand dollar fell to a four-month low today as the United States currency rallied broadly after a report on US April retail sales beat forecasts. The kiwi closed on its session low at US76.27c, around half a cent down on yesterday's US76.82c close.

NZ Dollar Declines Against Broadly Rallying Greenback

Wellington, May 14 NZPA - The New Zealand dollar has slipped against the greenback as the United States currency rallied broadly after a report on US April retail sales beat forecasts.

NZ Dollar Falls Back Below US77c

Wellington, May 13 NZPA - The New Zealand dollar slid back below US77c today as investors decided slowing economic growth outweighed rising appetite for risk. The kiwi closed on US76.82c against its US77.09c opening but was still above yesterday's US76.52c close.

NZ Dollar Up Against Greenback, Yen As Risk Appetites Improve

Wellington, May 13 NZPA - The New Zealand dollar has strengthened against the greenback and yen as risk appetites improved and some investors looked to lock in profits.

Kiwi Falls On Risk Aversion, Economic Concerns

Wellington, May 12 NZPA - Risk aversion and lingering concerns about the local economy resulted in heavy selling of the New Zealand dollar today. The kiwi dollar slipped to US76.52c at the close, close to its lowest point in three and a half months, against US77.20c on Friday.

NZ Dollar Slide Continues As Risk Aversion Rises

Wellington, May 12 NZPA - The New Zealand dollar continued its recent slide, with risk aversion rising as US stock markets took a tumble.

NZ Dollar Steadies After Dumping

Wellington, May 9 NZPA - The New Zealand dollar steadied today after yesterday's dumping when Statistics New Zealand reported 29,000 jobs were lost in the March quarter.

NZ Dollar Slips Further Overnight After Yesterday's Slump

Wellington, May 9 NZPA - The New Zealand dollar slipped further overnight after yesterday's slump, caused by a report showing 29,000 jobs were lost in the March quarter.

NZ Dollar Slumps After Dire Jobs Data

By Simon Louisson of NZPA Wellington, May 8 NZPA - The New Zealand dollar slumped a cent today against both the US and Australian dollar after a dire jobs report that showed 29,000 jobs were lost in the March quarter.

NZ Dollar Fall Continues In Wake Of Reserve Bank Comments

Wellington, May 8 NZPA - The New Zealand dollar fell overnight as the market continued to react to yesterday's Reserve Bank report that pointed to risks to the economy and currency.

NZ Dollar Looking Shaky After RB Report

By Simon Louisson of NZPA Wellington, May 7 NZPA - The New Zealand dollar was perched somewhat shakily below US79c at the close of local trading today after a Reserve Bank report was published stressing risks to the economy and currency.

NZ Dollar At Two Week High Against Greenback

Wellington, May 7 NZPA - The New Zealand dollar climbed to a two-week high against the greenback, after the US currency was hit by weaker than expected earnings results from Fannie Mae, the largest provider of US home financing.

NZ Dollar Rebounds Against Aussie And Us Dollar

Wellington, May 6 NZPA - The New Zealand dollar rebounded against both the Australian dollar and the US dollar today. It started the session below A83c following robust house price, job ads and inflation data across the Tasman yesterday.

NZ Dollar Back Below A83c And Tipped To Go Lower

Wellington, May 6 NZPA - The New Zealand dollar dropped back below A83c early today, following robust house price, job ads and inflation data across the Tasman yesterday.

Kiwi Firms In Lacklustre Trading

Wellington, May 5 NZPA - The New Zealand dollar held firm in lacklustre trading today, assisted by positive data out of Australia.

NZ Dollar Overcomes Some Lost Ground Even As Greenback Firms

Wellington, May 5 NZPA - The New Zealand dollar overcame some recent lost ground even as the greenback also regained a little credibility. By 8am today the kiwi was buying US78.13c, up from US77.77c at 5pm on Friday, although still below levels of most of the past three months.

NZ Dollar Stable Ahead Of Us Jobs Data

Wellington, May 2 NZPA - The New Zealand dollar steadied today, following equity markets higher after a fall in oil prices provided a boost in the United States.

NZ Dollar Eases As Greenback Revives

Wellington, May 2 NZPA - The New Zealand dollar fell around a third of a cent overnight as the US dollar staged a recovery based on easing concern about the American economy.

NZ Dollar Swings In Choppy Trading After Us Fed Cuts Rates

Wellington, May 1 NZPA - The New Zealand dollar swung in choppy trading today as markets considered the implications of the latest US Federal Reserve interest rate cut.

NZ Dollar Stages Recovery Against Greenback

Wellington, May 1 NZPA - The New Zealand dollar staged a recovery against the greenback through much of the night after falling to a three-month low around lunchtime yesterday.

Kiwi Settles Lower Ahead Of Us Rate Decision

Wellington, April 30 NZPA - The New Zealand dollar slipped further today as most currencies awaited important US data for direction. US GDP (gross domestic product) figures are due out overnight, as are the latest interest rate decision by the US Federal Reserve.

Poor Night For NZ Dollar May Confirm Long Awaited Fall Of Kiwi

Wellington, April 30 NZPA - A poor night for the New Zealand dollar added to suspicions the long foretold fall of the kiwi may be under way.

Worse Than Expected Trade Data Sends Kiwi Lower

Wellington, April 29 NZPA - Worse than expected trade figures sent the New Zealand dollar lower today. New Zealand's March trade performance was surprisingly weak, with dairy export values lower than forecast while high volumes of oil kept imports up.

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