NZ dollar falls as NZ First backs Labour-led government

Article – BusinessDesk

Oct. 19 (BusinessDesk) – The New Zealand dollar fell after NZ First leader Winston Peters said he would support a Labour-led government, saying the nation voted for change, and that he expected a change to the Reserve Bank Act. Read more »

Dollar falls as market wait to see who will govern

Article – BusinessDesk

Oct. 18 (BusinessDesk) – The New Zealand dollar fell while remaining in a narrow trading range as the market waits to find out which parties will form the country’s next government. Read more »

NZ dollar pares CPI gains as greenback rises

Article – BusinessDesk

Oct. 17 (BusinessDesk) – The New Zealand dollar was little changed, paring the gains it made on stronger-than-expected inflation data, as the greenback strengthened in Asian trading. Read more »

UPDATE: housing-related costs push up inflation

Article – BusinessDesk

(Recasts lead and updates to add economists comments in paragraphs 4 and 5, comment from Insurance Council in paragraph 7 and updated NZD level in final graph) Read more »

NZ dollar holds gains against greenback but capped

Article – BusinessDesk

Oct. 16 (BusinessDesk) – The New Zealand dollar held onto its gains against the greenback but political uncertainty will likely keep it capped with investors awaiting an announcement on the country’s next government. Read more »

Bank of China NZ undeterred after offering ‘premium’ return

Article – BusinessDesk

Oct. 16 (BusinessDesk) – Bank of China New Zealand raised $150 million in its first NZ dollar bond sale and says having to offer a higher return than similarly rated local corporates hasn’t put it off the local debt market. Read more »

NZ inflation still seen below RBNZ’s mid-point target

Article – BusinessDesk

Oct. 13 (BusinessDesk) – Annual inflation may get a slight lift from stronger food and housing-related prices in the third quarter but economists say it will remain below the mid-point of the central bank’s target band and the tepid picture will … Read more »

NZ dollar holds gains as Fed minutes raise questions

Article – BusinessDesk

Oct. 12 (BusinessDesk) – The New Zealand held on to earlier gains through the local trading session as minutes to the last US Federal Reserve policy review raised questions about the pace of future interest rate hikes, and as the formation of the next New … Read more »

NZ dollar little changed as election decision drags

Article – BusinessDesk

Oct. 11 (BusinessDesk) – The New Zealand dollar was little changed, trading in a narrow range after the NZ First Party delayed its decision on who will lead the next government, while the prospect of rising US interest rates and an improving US economy … Read more »

NZ dollar holds below 71 US cts on election outcome

Article – BusinessDesk

Oct. 10 (BusinessDesk) – The New Zealand dollar is holding below 71 US cents as traders eye the Thursday deadline NZ First leader Winston Peters has given himself to pick which party he’ll support to govern the country. Read more »

Dollar holds below 71 US cents as election outcome awaited

Article – BusinessDesk

Oct. 9 (BusinessDesk) – The New Zealand dollar held below 71 US cents, having earlier sunk to a five-month low, after the count of special votes at the weekend left the election too close to call, while talk of a North Korean missile test weighed on … Read more »

NZ dollar heads for 1.5% decline as final vote tally looms

Article – BusinessDesk

NZ dollar heads for 1.5% weekly decline as final vote tally looms, greenback gains Read more »

NZ dollar gains against Aussie

Article – BusinessDesk

Oct. 5 (BusinessDesk) – The New Zealand dollar rose against the Australian dollar in otherwise quiet trading after retail sales across the Tasman posted their biggest drop in four-and-a-half years. Read more »

Dollar bounces as dairy auction deflates optimism

Article – BusinessDesk

Oct. 4 (BusinessDesk) – The New Zealand dollar recovered from a month-low after a surprise drop in dairy prices took the sheen off the local economic outlook, while data showed the housing market continued to slow down last month. Read more »

NZ dollar falls with Aussie dollar after RBA decision

Article – BusinessDesk

Oct. 3 (BusinessDesk) – The New Zealand dollar fell against the greenback in tandem with the Australian dollar after the Reserve Bank of Australia kept rates steady and offered no hints any rate increases were on the horizon. Read more »

Dollar falls as prospect of new Fed chair

Article – BusinessDesk

NZ dollar falls as prospect of new Fed chair stokes rate hike bets; Catalonia vote weighs on euro Read more »

Dollar heads for 1.8% weekly drop on political uncertainty

Article – BusinessDesk

Sept. 29 (BusinessDesk) – The New Zealand dollar is heading for a 1.8 percent weekly decline amid domestic political uncertainty and a stronger US dollar as investors price in a greater chance of a US rate hike December. Read more »

RBNZ was a tidy earner under Wheeler

Article – BusinessDesk

RBNZ was a tidy earner under Wheeler, with almost $1B of dividends to the Crown Read more »

NZ economy and financial system sound

Press Release – Reserve Bank

New Zealands economy and financial system remain on a sound footing despite continuing challenges in the global environment, according to the Reserve Banks Annual Report 2016-17 released today. Read more »

NZ dollar falls after RBNZ stands pat

Article – BusinessDesk

Sept. 28 (BusinessDesk) – The New Zealand dollar fell against the greenback after the Reserve Bank kept rates on hold as widely expected and reiterated hikes were not on the immediate horizon, and as investors were cheered by proposed US tax plans. Read more »

Next Page »