NZ dollar falls as expectations for rate hikes ease

Article – BusinessDesk

Aug. 27 (BusinessDesk) – The New Zealand dollar weakened overnight, weighed down by a rising US dollar and changing expectations for Reserve Bank interest rate rises. Read more »

High LVR lending slips to 6.5% of new mortgages in July

Article – BusinessDesk

High LVR lending slips to 6.5% of new mortgages in July, RBNZ data shows Read more »

NZ dollar falls as Yellen helps lift greenback

Article – BusinessDesk

Aug. 25 (BusinessDesk) – The New Zealand dollar fell after Federal Reserve chair Janet Yellen gave a more hawkish view of the US economy and tensions rose over Ukraine, sapping risk appetite. The kiwi extended its slide amid talk the central bank may … Read more »

NZ dollar’s drop stokes talk of intervention

Article – BusinessDesk

Aug. 25 (BusinessDesk) – The New Zealand dollar dropped sharply in mid morning trade on Monday, shedding half a US cent in about five minutes and prompting speculation of Reserve Bank intervention. Read more »

NZ dollar weakens as Fed’s Yellen less dovish than expected

Article – BusinessDesk

Aug. 25 (BusinessDesk) – The New Zealand dollar weakened on US dollar strength after Federal Reserve chair Janet Yellen was less dovish than expected in her speech to an annual gathering of world central bankers at Jackson Hole, Wyoming. Read more »

Digital Currency on the Drawing Board

Press Release – Internet Party

Government policies and digital currency ideas and issues will come together at three public workshops next week. Read more »

High dollar, hands-off Govt sends workers to dole queue

Press Release – New Zealand Labour Party

The loss of up to 100 jobs at Croxley stationery in Auckland is devastating news for their families and the local Avondale community, Labours Employment, Skills and Training spokesperson Grant Robertson says. Read more »

100 jobs lost at Croxley as high Kiwi dollar keeps hurting

Press Release – Engineering Printing and Manufacturing Union

One hundred jobs will be lost at Croxley Stationery in Auckland, which is being forced to close by the high dollar and ongoing crisis in New Zealand manufacturing. Read more »

NZ dollar falls as greenback rises amid weak dairy, rates

Article – BusinessDesk

NZ dollar falls as greenback rises; weak dairy, pause in rate hikes weigh on sentiment Read more »

NZ dollar break below 90.50 Aust cts ahead of dairy auction

Article – BusinessDesk

Aug. 19 (BusinessDesk) – The New Zealand dollar fell below a key support level against the Australian dollar and weakened against the greenback as traders took advantage of weaker producer prices and government economic forecasts to sell the kiwi ahead … Read more »

NZ inflation expectations dwindle as shine taken off economy

Article – BusinessDesk

Aug. 19 (BusinessDesk) – New Zealand businesses see a tamer track for inflation over the next two years as they trim their expectations for economic growth, suggesting the central bank doesn’t have to rush to raise interest rates again. Read more »

NZ dollar gains vs. British pound on lower BoE wage forecast

Article – BusinessDesk

NZ dollar gains vs. British pound as lower BoE wage forecast pulls back rate bets Read more »

Provinces suffer from LVR restrictions

Press Release – Harcourts

Around the country our provincial sales are showing very clearly the negative effect loan-to-value restrictions have had in these fragile markets. Read more »

New Zealand economics comment: More than just milk

Press Release – HSBC Bank

Falling dairy prices have created some doubts about the robustness of New Zealands economic boom. But it is worth keeping in mind that dairy is only one part of the economys recent growth story. Growth has also been driven by the post-earthquake … Read more »

Mixed signals, strong sales – 8 August

Press Release – Manufacturers and Exporters Association

The latest New Zealand Manufacturers and Exporters Association (NZMEA) Survey of Business Conditions completed during July 2014, shows total sales in June 2014 increased 28.38% (year on year export sales increased by 30.45% with domestic sales increasing … Read more »

NZ dollar advances vs. euro as ECB keeps policy loose

Article – BusinessDesk

Aug. 8 (BusinessDesk) – The New Zealand dollar gained against the euro after the European Central Bank said it would keep interest rates at record lows and loose policy will remain in place for an extended period, widening the divergence with … Read more »

Residential property value increases slowdown

Press Release – QV Valuations

The latest monthly QV Residential Price Movement Index shows that nationwide residential property values for July have increased 7.6% over the past year and 2.3% over the past three months. This means they are now 15.6% above the previous market peak of … Read more »

NZ unemployment falls: Still expect further RBNZ hikes

Press Release – HSBC Bank

New Zealand’s labour market continues to tighten, consistent with a pick-up in growth. Although Q2 jobs growth surprised on the downside, at +3.7% y-o-y (market had +4.0%), the unemployment rate fell from 5.9% to 5.6% in Q2 (market expected 5.8%). Strong … Read more »

RBA reiterates stable outlook for interest rates

Article – BusinessDesk

Aug. 5 (BusinessDesk) – The Reserve Bank of Australia kept the cash rate unchanged at 2.5 percent and reiterated that a “period of stability” in interest rates is warranted given the outlook for inflation. Read more »

NZ dollar gains as traders await central bank meetings, data

Article – BusinessDesk

Aug. 5 (BusinessDesk) – The New Zealand dollar advanced in quiet trading as investors await direction from looming central bank meetings and new data on dairy prices and employment. Read more »

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