UPDATE: NZ inflation steady at 0.3% in 2Q; kiwi falls

Article – BusinessDesk

UPDATE: NZ inflation steady at 0.3% in 2Q; kiwi falls as rate hikes questioned Read more »

NZ dollar falls as Yellen more upbeat, dairy prices fall

Article – BusinessDesk

July 16 (BusinessDesk) – The New Zealand dollar fell to a week-low after Federal Reserve chair Janet Yellen was deemed to be more upbeat about US economy than she was two months ago and dairy prices tumbled in the latest GlobalDairyTrade auction. Read more »

NZ dollar holds near 88 US cts ahead of Yellen testimony

Article – BusinessDesk

Jul. 15 (BusinessDesk) – The New Zealand dollar held near 88 US cents for the fourth day in a row as traders await testimony from Federal Reserve chair Janet Yellen, due overnight, in which she may acknowledge an improving labour market, one of the … Read more »

RBNZ registers China Construction Bank

Article – BusinessDesk

July 15 (BusinessDesk) – China Construction Bank, which last year decided to set up a New Zealand subsidiary, has been licensed by the Reserve Bank, making it the country’s 24th registered lender. Read more »

DSC lodges complaint over grossly inaccurate TVNZ news item

Press Release – Democrats for Social Credit

A section of TVNZs 6pm news bulletin last Thursday about bank profits was a disgraceful piece of inaccurate and misleading reporting, Democrats for Social Credit (DSC) Leader, Stephnie de Ruyter, said today. Read more »

NZ dollar holds above 88 US cents, may test record this week

Article – BusinessDesk

July 14 (BusinessDesk) – The New Zealand dollar held above 88 US cents and may test its post-float high this week as traders prepare for testimony from US Federal Reserve chair Janet Yellen and local data that’s expected to confirm inflation is accelerating. Read more »

The rise and rise of the NZ dollar exchange rate

Press Release – PricewaterhouseCoopers

Over recent weeks there has been much commentary and analysis of what factors have driven the NZ dollar currency value to record post-1985 float highs. Reasons cited range from the rock-star economy attracting capital inflows, to rising NZ interest … Read more »

Excuses Over Dollar

Press Release – New Zealand First Party

Excuses, but no relief from the National Government as the dollar touches an all-time high against the US dollar, says New Zealand First. Read more »

Creative Industries add $3.5 billion to NZ’s GDP

Press Release – WeCreate.org.nz

A new report shows the books, music, television and film sectors of New Zealands creative industries annually contribute more than $3.5 billion to the local economy. Read more »

NZ dollar little changed after business confidence dips

Article – BusinessDesk

July 8 (BusinessDesk) – The New Zealand dollar was little changed in local trading after business confidence dipped from a 20-year high, while remaining relatively upbeat. Read more »

NZ dollar jumps vs. A$ on increased prospect of RBA rate cut

Article – BusinessDesk

NZ dollar jumps to three-month high vs. Aussie as chance of RBA rate cut increases Read more »

RBNZ deputy to talk dollars with coin fanciers

Article – BusinessDesk

July 3 (BusinessDesk) – Reserve Bank deputy governor Geoff Bascand is to discuss the New Zealand dollar at a conference this weekend, although the coin fanciers in the audience are unlikely to get any hints about current policy. Read more »

NZ dollar slips vs. Aussie after RBA seen softening language

Article – BusinessDesk

July 2 (BusinessDesk) – The New Zealand dollar slipped against its Australian counterpart after the Reserve Bank of Australia didn’t complain about the elevated level of the Aussie yesterday as much as expected, encouraging traders to push it higher. Read more »

RBA disappoints market expecting strong currency statement

Article – BusinessDesk

July 1 (BusinessDesk) – The Reserve Bank of Australia kept the cash rate unchanged at 2.5 percent, as expected, while delivering less of a warning about the strength of the Australian dollar than some traders had expected, nudging the currency higher. Read more »

NZ dollar TWI hits fresh record as investors lured to yield

Article – BusinessDesk

June 27 (BusinessDesk) – New Zealand’s trade-weighted index touched a fresh record as investors take advantage of borrowing in lower interest rate markets overseas to invest in New Zealand’s higher yielding market. Read more »

NZ dollar TWI surges to record, traders watch RBNZ closely

Article – BusinessDesk

June 26 (BusinessDesk) The New Zealand dollar advanced to an all-time high on its trade weighted index after disappointing growth data eroded support for the US dollar but dealers are wondering if the Reserve Bank of New Zealand will move to … Read more »

NZ dollar heads for 1% weekly gain on local growth, US rates

Article – BusinessDesk

June 20 (BusinessDesk) – The New Zealand dollar is heading for a 1 percent gain against the greenback this week, remaining at an elevated level after government figures showed strong local economic growth and the Federal Reserve signalled US rates will … Read more »

NZ dollar TWI slips from record as 1Q GDP misses estimate

Article – BusinessDesk

June,19 (BusinessDesk) – The trade-weighted index of the New Zealand dollar, or TWI, declined from a record after government data showed slower than expected economic growth in the first quarter. Read more »

New appointment to Reserve Bank board

Press Release – New Zealand Government

Waikato-based company director Tania Simpson has been appointed to the board of the Reserve Bank of New Zealand, Finance Minister Bill English says. Ms Simpson is of Tainui, Ngi Tahu and Ngpuhi descent, and is the founding director of Mori … Read more »

NZ dollar slips as US inflation fuels speculation on rates

Article – BusinessDesk

June 18 (BusinessDesk) – The New Zealand dollar slipped after a report showing US inflation accelerated more than expected prompted investors to mull the outlook for tighter monetary policy in the world’s biggest economy. Read more »

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