Kiwi dollar jumps back against Aussie
"The Australian dollar is among the worst performing major currencies," a BNZ currency strategist says.
"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....
The kiwi dollar was little changed overnight as traders awaited further developments in Greece.
NZX dairy futures pricing continues to point to more weakness in the whole milk powder market, following on from the sharp decline at last week's GlobalDairyTrade auction.
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.
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.
While Tsipras' decision to hold a ballot increased the risk of Greece exiting the euro, evidence of contagion elsewhere was limited.
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 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.
European leaders will meet tomorrow to see if they should give Greece more credit to stave off bankruptcy or cast it into the wilderness.
Researchers say they are shocked to find an apparent racial bias against people who "look Maori" - but real estate agent Mike Pero is not surprised.
The dollar jumped briefly above 70 US cents after the US Fed Reserve pulled back its projections for future interest rate rises.
Yellen has long been categorised as what Fed watchers call a "dove," someone who favours looser monetary policy.