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Currency

Kiwi Caught Up In Post-data Aussie Selling

Wellington, April 4 NZPA - The New Zealand dollar gave up some gains against its trans-Tasman counterpart, caught up in selling after weak retail sales hit the Australian dollar.

NZ Dollar At Three-week Low Vs Aussie As NZ Economy Falters

Wellington, April 4 NZPA - The New Zealand dollar fell to a three-week low against its trans-Tasman counterpart, with the kiwi continuing to be hit by this country's deteriorating economic outlook.

NZ Dollar Drifts Lower

Wellington, April 3 NZPA - The New Zealand dollar drifted slightly lower on its main crosses in quiet trading today with no domestic economic data of any note to spur investors. By 5pm, the kiwi was at US78.75 from the US79c level at 8am.

NZ Dollar Firms Against Greenback On Growing Risk Tolerance

Wellington, April 3 NZPA - The New Zealand dollar firmed against the greenback and yen overnight as investors, betting the worst of the credit crisis may be over, grow more tolerant of risk.

Kiwi Catches An Upwind On Equity Rally

Wellington, April 2 NZPA - The New Zealand dollar bounced off a two-month low overnight, supported by strong equity markets which made riskier currencies more attractive. The kiwi dollar closed near its session highs today at US78.82c, not far from yesterday's close of US78.63c.

NZ Dollar Hits Two-month Low Against Greenback

Wellington, April 2 NZPA - The New Zealand dollar hit a two-month low against a strengthening greenback overnight, but made gains against other major currencies.

Sentiment Remains Negative On Kiwi

Wellington, April 1 NZPA - Sentiment remained negative on the New Zealand dollar today, as it remained near six-week lows against the US dollar and six-month lows against the euro.

Fragile NZ Dollar Sinks To Six Month Low Vs Euro

Wellington, April 1 NZPA - The fragility of the New Zealand dollar is becoming increasingly apparent, plunging to a six-month low against the euro and a six-week low against the greenback.

NZ Dollar Mixed But Lower

Wellington, March 31 NZPA - The New Zealand dollar traded in a range today near the US79c figure after falling on Friday night in offshore trading.

NZ Dollar Falls On Concerns About Funding Current Acct Deficits

Wellington, March 31 NZPA - The New Zealand dollar lost a cent against the greenback amid fears the global credit crunch will make the funding of current account deficits difficult.

NZ Dollar Remains Buoyant After Strong GDP Data

Wellington, March 28 NZPA - The NZ dollar held firmed a tad today to end the week firmly ensconsed above US80C. It closed on US80.42c against its US80.37c opening and US80.50c at the same time yesterday. It traded as high as US80.66c.

Small Range For NZ Dollar For Most Of Overnight Session

Wellington, March 28 NZPA - The NZ dollar spent most of the night trading in a range between US80.30c and US80.60c against a backdrop of steady European equity markets. By 8am today the kiwi was buying US80.37c, slightly down from US80.50c at 5pm yesterday.

New Zealand Dollar Unimpressed By Data

Wellington, March 27 NZPA - An improvement to the quarterly current account deficit failed to excite the New Zealand dollar today.

New Zealand Dollar Firms

Wellington, March 27 NZPA - The New Zealand dollar firmed mildly overnight despite global equities again heading south. The kiwi was buying US80.39c at 8am against US80.31c at yesterday's close. It briefly topped US81c in overnight trading.

NZ Dollar Eases Back From Upward Spike

(correcting h9874, changing yesterday's close in par 6) Wellington, March 26 NZPA - The New Zealand dollar eased back from an upward spike precipitated by a US dollar retreat on rising gold and commodity prices.

NZ Dollar Rises As US Currency Broadly Retreats

Wellington, March 26 NZPA - The New Zealand dollar continued climbing against the greenback overnight as the US currency retreated broadly. By 8am today the kiwi was buying US80.71c, having been climbing since Monday afternoon when it was around US78.80c.

NZ Dollar Shoots To Near Record As Fed Savagely Cuts Rates Again

By Simon Louisson of NZPA Wellington, March 19 NZPA - The New Zealand dollar soared more than one US cent today and was within spitting distance of a new post-float high after the US Federal Reserve again savagely cut interest rates.

NZ Dollar Tumbles Against Majors As Commodity Prices Fall

Wellington, March 20 NZPA - The New Zealand dollar tumbled against major currencies overnight as commodity prices, particularly gold, fell.

NZ Dollar Bounds Back Over US80c As Equity Markets Recover

Wellington, March 18 NZPA - The New Zealand dollar bounded back over US80c today as equity markets recovered and investors decided they could handle more risk.

NZ Dollar Down Amid Turmoil On World Markets

Wellington, March 18 NZPA - As turmoil engulfed world markets, the New Zealand dollar fell sharply against the greenback and hit new multi-month lows against the yen and euro.

NZ Dollar Continues To Lose Ground Ahead Of Holiday

Wellington, March 20 NZPA - The New Zealand dollar fell further against major currencies today as the global rout in commodity prices, particularly gold, continued.

Extreme Volatility In Kiwi Dollar On US Moves

Wellington, March 17 NZPA - The New Zealand dollar traded in a massive US2c range today, plunging in afternoon trading after early threatening post-float highs.

Buyers Snap Up NZ Dollar After Touching 5-week Low Vs US Dollar

Wellington, March 25 NZPA - Buyers snapped up the New Zealand dollar after it hit a five-week low against the greenback early in the Easter break.

Solid Demand Pushes NZ Dollar Up To US81c

Wellington, March 19 NZPA - Solid demand for the New Zealand dollar saw the kiwi rise throughout yesterday and overnight from recent lows hit early yesterday.

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