Search Results for 'NZ'

NZ dollar tumbles to 8-month low

The New Zealand dollar fell to an eight-month low amid reports a US congressional 'super committee' has failed to agree on US$1.2 trillion of budget cuts, stoking concern unwieldy levels of debt in the US and Europe will stifle gl [...]

Posted On : Nov, 22 2011 | Comments : 0

Aussie and NZ dollars softer ahead of Obama, China

The Australian and New Zealand dollars are sitting lower on Friday as investors turn risk wary after the European Central Bank signaled a pause in rate tightening and the Federal Reserve head gave no details on how he might support for th [...]

Posted On : Sep, 12 2011 | Comments : 0

BNZ Currency Repor

The NZD/USD had the dubious honour of being the best performing currency on Friday, driven higher as concerns about the Greek debt crisis waned and investor risk appetite improved. Overall, the NZD/USD ended the Friday trading session up [...]

Posted On : Jun, 20 2011 | Comments : 0

Foreign Exchange Report : GBP AUD, GBP NZD and GBP ZAR Rates...

The Pound Euro exchange rate (GBP EUR) is 1.1198. The Pound Dollar exchange rate (GBP USD) is 1.6412. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5403. Ben Bernanake, Chairman of the US Federal Reserve, spoke at a banking con [...]

Posted On : Jun, 14 2011 | Comments : 0

BNZ Currency Reports

The NZD was pressured overnight as global risk appetite and commodity prices fell. It traded down from around 0.8240 to below 0.8180 this morning. Yesterday’s domestic data showed world prices for NZ’s primary export produc [...]

Posted On : Jun, 02 2011 | Comments : 0

NZ Dollar Up Late After Buying On Post-GDP Dip

The New Zealand dollar was trading slightly higher late Thursday, helped by investors buying the currency cheaply after it dipped on weaker-than-expected gross domestic product data. The New Zealand dollar fell to US$0.7398 after Statist [...]

Posted On : Dec, 23 2010 | Comments : 0

2nd UPDATE: S&P Shifts Outlook On NZ's Foreign Currency Rati...

Standard & Poor's Monday shifted its outlook on New Zealand's foreign currency credit rating to negative from stable, warning on the country's dependence on offshore markets to fund its banking network and putting a spotl [...]

Posted On : Nov, 22 2010 | Comments : 0

NZ insulated from currency wars

The New Zealand economy should be insulated from the so-called "currency wars" between superpowers, thanks to Australia’s humming economy and surging dollar, says Moody’s Analytics. In a note from economist Mat [...]

Posted On : Oct, 08 2010 | Comments : 0

IMF says NZ dollar overvalued; at mercy of US interest rates

The New Zealand dollar promptly dropped almost half a cent in value when the International Monetary Fund opened its mouth this morning. The IMF said the Kiwi was overvalued by as much as 25 percent, but it is hard to know whether th [...]

Posted On : Apr, 01 2010 | Comments : 0

NZ dollar takes a hit

The New Zealand dollar tumbled against the greenback overnight as investors moved away from riskier assets. Earlier today the kiwi briefly dropped below US69c, and by 8am had recovered only slightly to US69.11c. At 5pm yesterday it w [...]

Posted On : Feb, 25 2010 | Comments : 0

NZ dollar above US75c

The New Zealand dollar climbed above US75c for the first time in 15 months, rocketing up more than 1c to near US75.50c in the two hours to 5am. By 8am the kiwi was buying US75.37c from US74.37c at 5pm yesterday. The NZ dollar also reached [...]

Posted On : Oct, 21 2009 | Comments : 0

NZ Dlr Up Strongly Late To 15-Mo High,Hitches Ride With Auss...

The New Zealand dollar soared to a 15-month high Thursday, hitching a ride on a rampant Australian dollar that responded to stronger than forecast jobs data. The Kiwi hit US$0.7420, a level it hasn't seen since July 29, 2008. Westpac Bank c [...]

Posted On : Oct, 08 2009 | Comments : 0

NZ dollar edges ahead of weaker greenback

The New Zealand dollar edged ahead against a weakening greenback overnight, and was little changed against the European and Australian currencies. By 8am the NZ dollar was buying US72.33c from US72.12c at 5pm, having ranged between about U [...]

Posted On : Oct, 01 2009 | Comments : 0

NZ cenbank threatens rate cut on currency fears

New Zealand's central bank threatened on Thursday to cut interest rates further because a strong currency was putting the fragile economic recovery at risk, sending the kiwi down sharply. The Reserve Bank of New Zealand (RBNZ) issued the l [...]