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NZ dollar declines on Greek deal
The NZ dollar weakened as Greek agreement turned investor attention to US interest rate hikes, supporting greenback.
The NZ dollar weakened as Greek agreement turned investor attention to US interest rate hikes, supporting greenback.
The lower kiwi will benefit exporters such as Delegat which counts the US as its largest market.
The dollar weakened as Eurozone leaders stepped up their demands for Greece reforms at meetings over the weekend.
The dollar was little changed as risk sentiment improved following a bounce in Chinese equities and new Greece proposals.
The economy has started to slow, with confidence declining as dairy prices remain lower for longer.
"The Australian dollar is among the worst performing major currencies," a BNZ currency strategist says.
The dollar fell as commodity prices dropped on concern about waning demand.
The Reserve Bank of Australia kept its cash rate unchanged at a record low 2 per cent for a second month, saying accommodative monetary policy is needed in an economy growing slower than its....
Greece’s “no” vote on austerity measures lead to a tumultuous day of trading across equity markets – including New Zealand and Australia.
The dollar hits a five-year low as Greeks reject austerity in referendum.
Australia's May interest-rate cut and federal budget measures to loosen small business purse strings failed to provide a significant boost to retail spending in the month.
Because Greece doesn't have its own currency, it couldn't increase its competitiveness and boost growth through devaluation.
Greece is sliding into a full-blown national crisis as the final cash reserves of the banking system evaporate.
Advice released under the Official Information Act reveals a Treasury sceptical of the case for targeting high-LVR investors in Auckland, writes Brian Fallow.
ASB Bank says it now expects the Reserve Bank to slash the OCR throughout this year, returning rates to a record low of 2.5pc.
Currency traders will be on tenterhooks this week as the Greek sovereign debt crisis goes from bad to worse, with more downward pressure likely to come on the Kiwi dollar.
The world’s stockmarkets have started to feel the impact of Greece’s looming financial disaster and New Zealand is not immune.
The kiwi dollar has fallen gain, as the Greece debt crisis pushes investors into 'safe havens".
The New Zealand dollar rose from a five-year low as investors weighed up the outlook for the US economy and interest rate increases.
The New Zealand dollar hit a fresh five-year low as traders firm up expectations for more interest rate cuts.
The way ASB sells its term funds and interest rate swaps will be independently reviewed after the bank reached a settlement with the Financial Markets Authority.
New research from JP Morgan reveals which country has the best-performing sovereign wealth fund in the world.