Property prices rising slower this year

Press Release – Realestate.co.nz

AUCKLAND, 3 October 2014 The strong rise in property asking prices has slowed down markedly in recent months, according to Realestate.co.nz , New Zealands largest online database of homes for sale. Over the last year, the national asking price … Read more »

More than talk from RBNZ

Press Release – NZ Manufacturers and Exporters Association

The Reserve Bank of New Zealand (RBNZ) announced yesterday that they had intervened in the currency markets during August, selling a net NZ$521m. Manufacturers and exporters will generally be pleased to see some action on the currency that has been such a … Read more »

Kiwi below 78 US cents as RBNZ figures show intervention

Article – BusinessDesk

Sept. 29 (BusinessDesk) – The New Zealand dollar fell below 78 US cents for the first time in more than a year after the Reserve Bank published figures showing it intervened in foreign exchange markets in August. Read more »

NZ dollar declines on upbeat US growth, RBNZ FX stats loom

Article – BusinessDesk

Sept. 29 (BusinessDesk) – The New Zealand dollar fell to a fresh one-year low as the greenback advanced after a report showed US economic growth accelerated at the fastest rate since late 2011, amid speculation the Reserve Bank may have intervened … Read more »

NZ dollar slumps to year low after Wheeler jawbones kiwi

Article – BusinessDesk

NZ dollar slumps to year low after RBNZ’s Wheeler jawboned it below 80 US cts Read more »

NZ dollar drops after Wheeler says level unjustified

Article – BusinessDesk

Sept. 25 (BusinessDesk) – The New Zealand dollar tumbled more than half a US cent after Reserve Bank governor Graeme Wheeler invoked two of the conditions for the bank to intervene in currency markets, saying its strength was “unjustified … Read more »

Profiting from Gold

Press Release – Kenton-Dau LLC

What has got banks and investors focused on gold? Kenton-Dau LLC, a company based in Christchurch New Zealand has discovered naturally occurring periods of rise and fall in the gold market. This makes is possible to generate consistent on-going revenue … Read more »

NZ dollar falls to 7-month low as Fed raises 2015 rate view

Article – BusinessDesk

Sept. 18 (BusinessDesk) – The New Zealand dollar dropped to a seven-month low after the Federal Reserve raised its expectation for the level of interest rates by the end of next year, boosting the lure of the greenback. Read more »

NZ dollar rises on speculation ahead of Fed meeting

Article – BusinessDesk

Sept. 17 (BusinessDesk) – The New Zealand dollar advanced as investors pulled back expectations for the Federal Reserve to signal a rise in interest rates at this week’s meeting and on reports China is adding liquidity to its banks to bolster economic … Read more »

NZ dollar holds gains as dairy auction looms

Article – BusinessDesk

Sept. 16 (BusinessDesk) – The New Zealand dollar held gains in local trading after weak US industrial production sapped demand for the greenback, and ahead of an upcoming dairy auction, which will offer a gauge on New Zealand’s biggest commodity export. Read more »

NZ Dollar Outlook: Kiwi may decline on weaker local data

Article – BusinessDesk

Sept. 15 (BusinessDesk) – The New Zealand dollar may decline this week, weighed down by weaker local data and a more positive view of the greenback. Read more »

NZ dollar holds below 82 US cents following RBNZ review

Article – BusinessDesk

Sept. 12 (BusinessDesk) – The New Zealand dollar held below 82 US cents overnight after the Reserve Bank yesterday reiterated that is too high and signalled interest rates would remain on hold for longer and wouldn’t rise as much as previously thought. Read more »

Outlook: lack of wage growth & unemployment above 5%

Press Release – Council of Trade Unions

The Reserve Banks forecasts show an economy that offers little hope of fair wage increases and falls in unemployment to pre-GFC levels under current policies, says CTU Economist, Bill Rosenberg. It says wage growth is subdued and held … Read more »

Kiwi falls after RBNZ’s Wheeler says strength ‘unjustified’

Article – BusinessDesk

NZ dollar falls below 82 US cts after RBNZ’s Wheeler says strength still ‘unjustified’ Read more »

Reserve Bank says migration impact on housing ‘muted’ so far

Article – BusinessDesk

Sept. 11 (BusinessDesk) – The Reserve Bank is keenly watching the impact New Zealand’s decade-high net migration inflow is having on the housing market, which it says hasn’t pushed up property prices as aggressively as in the past. Read more »

Kiwi dollar strength still ‘unjustified and unsustainable’

Article – BusinessDesk

Sept. 11 (BusinessDesk) – The New Zealand’s dollar persistent strength is still “unjustified and unsustainable” after a slump in commodity prices this year, though it should come down as the US Federal Reserve moves away from running a zero interest rate … Read more »

Higher interest rates, loan curbs rein in house prices: RBNZ

Article – BusinessDesk

Sept. 11 (BusinessDesk) – The Reserve Bank’s moves to hike interest rates and impose restrictions on low-equity home loans has helped slow the pace of house price increases, the central bank says. Read more »

RBNZ keeps OCR at 3.5%, signals slower pace of future hikes

Article – BusinessDesk

Sept. 11 (BusinessDesk) – Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar … Read more »

NZ dollar seen weakening on central bank displeasure

Article – BusinessDesk

Sept. 8 (BusinessDesk) – The New Zealand dollar was little changed from New York on Friday and may fall amid speculation the Reserve Bank will use its monetary policy statement on Thursday to repeat that the currency in unjustifiably high, while trimming … Read more »

NZ dollar gains after US jobs report misses expectations

Article – BusinessDesk

Sept. 8 (BusinessDesk) – The New Zealand dollar advanced after a US employment report printed weaker than expected, reviving expectations the Federal Reserve may keep interest rates at record lows for longer. Read more »

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