
NZ dollar slides to six-week low
The New Zealand dollar dropped to a six-week low today after Reserve Bank governor Graeme Wheeler called the kiwi's strength "unjustified."
The New Zealand dollar dropped to a six-week low today after Reserve Bank governor Graeme Wheeler called the kiwi's strength "unjustified."
The Kiwi dollar shed almost one cent against the US after Reserve Bank governor Graeme Wheeler said the currency's strength was "unjustified"
The Reserve Bank governor Graeme Wheeler has raised the official cash rate as expected - leading the kiwi dollar to instantly take a tumble.
Finance Minister Bill English said the Kiwi dollar, which hit a record on a trade-weighted basis this year, is "unsustainably high".
With a fourth successive increase in the official cash rate on Thursday widely expected, the focus will be on what the brief accompanying statement indicates.
After surviving for a decade on Wall St, a Kiwi banker comes home to throw himself into charity work because ‘it feels good’.
The Kiwi dollar extended its slide as the crash of a Malaysian jet in rebel-held Ukraine and a ground offensive in Gaza sapped risk appetite worldwide.
Competition among banks to attract companies trading in the fast-growing market between New Zealand and China is ramping up
New Zealand's dollar is the most overstretched in three years, trading patterns suggest, putting in jeopardy its chances of surpassing a record high.
BNZ's head of migrant banking, Frank Cui, reckons he has a pretty good grasp of the challenges immigrants face when building a new life in NZ.
The New Zealand dollar touched a 13-month high against the euro overnight.
The New Zealand dollar is within striking distance of its post-float high against the US dollar and may surpass it, says an analyst.
The boss of New Zealand's first peer-to-peer lending service, Harmoney, says the online platform will shake up the personal loan market and give retail investors a new option.
A former banking boss traded without the knowledge of his co-directors at a consultancy business and rather than putting the firm's account on invoices he put bank accounts of companies he personally controlled, the High Court was told.