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The kiwi touched a low of 85.65 US cents overnight, and was trading at 85.76 cents at 8am in Wellington. File photo / NZ Herald The New Zealand dollar was the weakest major currency overnight, touching a fresh six-week low after Reserve Bank governor
On a broader front, muted trading activity in the currency markets continues as the European Union threatened to impose further sanctions on Russia over the Ukraine crisis on Tuesday, and as ground clashes in Gaza continue. An overall bleak macro-
The New Zealand dollar dropped to a six-week low after Reserve Bank governor Graeme Wheeler explicitly invoked one of the criteria to intervene in currency markets in calling the kiwi's strength "unjustified."...The trade-weighted index dropped to 87.
The New Zealand dollar touched its lowest in almost six weeks against the Australian dollar after Australian Reserve Bank governor Glenn Stevens refrained from commenting on its high currency in an annual speech he has previously used to talk it down.
The New Zealand dollar slipped as investors weigh the negative signs of a slowing economy against the lure of rising interest rates. The kiwi edged lower to 86.89 US cents at 8am in Wellington, from 87.12 cents at 5pm yesterday. The trade-weighted
Q1 GDP rose by a strong +3.8% y-o-y and timely indicators suggest that this pace probably continued into Q2...The post-earthquake Canterbury rebuild leads the way, but low rates and land release policy changes are also supporting strong construction
The New Zealand dollar is in for a quiet start to the week as traders look ahead to the looming Reserve Bank decision on interest rates on Thursday where a hike is expected. The kiwi traded at 86.85 US cents at 8am in Wellington, from 86.97 cents at
The Reserve Bank will probably raise the official cash rate again on July 24 while trying not to polish the appeal of a New Zealand dollar that stands out in a world where most central banks have record low interest rates. Governor Graeme Wheeler
The New Zealand dollar extended its slide as the crash of a Malaysian passenger jet in rebel-held Ukraine and a ground offensive in Gaza sapped risk appetite worldwide, although the kiwi's decline was limited by uncertainty about next week's Reserve
The kiwi traded at 87.09 US cents at 8am in Wellington, from 86.98 cents late yesterday...Swap rates dropped after the cluster of new information yesterday. Traders still expect governor Graeme Wheeler to raise the official cash rate a quarter point