Markets in holding pattern for US to clear
Both the New Zealand dollar and the stock exchange are a tad weaker but relatively steady in the wake of President Donald Trump's inauguration.
Both the New Zealand dollar and the stock exchange are a tad weaker but relatively steady in the wake of President Donald Trump's inauguration.
The kiwi traded at 71.56 US cents as at 8am in Wellington from 71.66 cents on Friday in New York and 71.67 cents at the close of local trading last week.
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The New Zealand dollar rose to its highest level in a month against the yen as Japan's currency weakened.
The New Zealand dollar fell after a speech by the chair of the US Federal Reserve Janet Yellen.
The New Zealand dollar fell after US inflation and industrial figures showed the US economy is on track.
The kiwi was trading at US72.04c at 5pm today, up from US71.14c yesterday.
The New Zealand dollar rose to a month-high against the greenback after Donald Trump said the US currency was too high.
The NZ dollar fell against the yen, which has broadly strengthened ahead of Donald Trump's inauguration on Saturday.
The kiwi dollar rose to 59.18 British pence as at 8am in Wellington from 58.44 pence in late New York trading on Friday.
It looks like enough cash to bankroll a high-flying lifestyle, but this stack of currency is worth a measly $21 in its country of origin.
The New Zealand dollar consolidated yesterday after strong gains on the back of a weaker US dollar and British pound.
The New Zealand dollar made further gains overnight benefiting from a weaker US dollar .
The New Zealand dollar hit a month-high as US investors were disappointed on Trump's lack of spending detail.
The New Zealand dollar fell as the latest data showed the US economy continues to remain in good health.
Dealers suggest the Kiwi currency will likely trade between US67c and US72c over the coming months
The kiwi traded at 69.60 US cents as at 8am in Wellington from 69.58 cents on Friday in New York.
Kiwis travelling to India are being warned to pre-pay as much as possible and bring credit cards as the country struggles with currency issues.
The latest increase was driven by capital or currency restrictions in countries ranging from China to India and Venezuela.
The New Zealand dollar climbed above 70 US cents for the first time in three weeks.
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The New Zealand dollar edged lower, remaining in recent ranges, as the greenback's ascendancy stays intact.
China took another step to degrade the dollar in defining the value of its currency, in an effort that cuts against its rival's stubbornly strong hold on the global financial system.
The New Zealand dollar is heading for a 2 per cent gain against the greenback this year, belying the currency's volatility.
It could be time to start planning the parity party as the kiwi dollar edges up against the Aussie, although we have been here before and the champagne's stayed on ice.
The New Zealand dollar was little changed against the greenback as uncertainty about US president-elect Donald Trump's incoming administration