
NZ dollar rises in volatile trading
The New Zealand dollar rose as high as 66.36 US cents due to volatile trading over the weekend.
The New Zealand dollar rose as high as 66.36 US cents due to volatile trading over the weekend.
International travel figures released support suspicion that the economy's potential growth has been cut by slower population growth.
The kiwi rose to 42.22 British pence ahead of the Bank of England's policy review on Thursday in London.
The kiwi dipped below US65c for the first time in six years as better than expected US data revived optimism.
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The kiwi was hit by a double whammy as dairy prices fell and a report stoked speculation the Fed would hike interest rates.
A judge "sent a message" to the banking industry for its "dishonest and wrong" conduct after he sentenced a trader convicted of rigging the Libor rate to 14 years in prison.
An alleged associate of a New Zealand resident accused of trying to manipulate international banking rates has been jailed for 14 years.
A former Citibank and UBS trader is going to jail after a jury found him guilty of masterminding the manipulation of the key Libor interest rate.
The New Zealand Super Fund says it'll stick to a strong equities weighting following a five-year review.
Weak data on US employment costs prompted traders to pull back expectations for US interest rate hikes.
It's time to call Beijing's stock-market intervention what it really is: quantitative easing, Chinese style, writes William Pesek.
The dollar fell as the prospect of more easing by the Reserve Bank dented the appeal of the kiwi.
Worrying stat comes as ANZ says it'll keep paying into its staff members' KiwiSaver accounts who go on parental leave.
The dollar has rallied after what the markets perceived as a more optimistic view of the economy from Reserve Bank Governor Graeme Wheeler.
The kiwi dollar has risen to a six-and-a-half week high against the Aussie after a slump in Chinese equities markets.
It's a 60-year low as banks vie to undercut each other.
Union chief says he received a tip that hundreds of Westpac staff face losing their jobs.
The dollar fell after signs of weaker Chinese manufacturing activity dented demand for commodity currencies.
The New Zealand dollar held onto some of its gain after the Reserve Bank yesterday cut the benchmark interest rate.
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The New Zealand dollar has fallen ahead of the Reserve Bank's expected interest rate cut this morning.
BNZ has lowered its 2015/16 milk price forecast for Fonterra but says it expects dairy prices to recover late this year.
Disruption is not something the Co-Operative Bank or BNZ have actively sought, they say, but was rather a by-product of striving for improvement.
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The dollar advanced as traders who had bet on the currency's decline took profits ahead of the tomorrow's interest rate decision.
The banks has been named bank of the year for everyday banking by consumer organisation Canstar.