![Kiwi gains as traders see rates on hold](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Kiwi gains as traders see rates on hold
The New Zealand dollar rose back above US73c on speculation the Reserve Bank will hold off on cutting interest rates .
The New Zealand dollar rose back above US73c on speculation the Reserve Bank will hold off on cutting interest rates .
The New Zealand dollar retreated from a 16-month high as some traders deemed it had risen too far, too fast.
After soaring by US10c since January the New Zealand dollar looks set to keep rising.
The New Zealand dollar surged to a 16-month high after prices rose at the latest GlobaldairyTrade auction.
Manufacturing exports slumped by more than 20 per cent in July as a persistently strong Kiwi dollar puts pressure on the sector.
The NZ dollar fell from near a 16-month high on a trade-weighted basis but is still seen as sufficiently above the levels projected by the Reserve Bank.
Oil jumped before giving up some of the gains as a deal between key producers Saudia Arabia and Russia stopped short of offering an actual limit on output.
The New Zealand dollar fell against a broadly stronger US dollar as commodity prices fell, US consumer confidence rose and Japan signalled
A Japanese hotel fit for Marilyn Monroe is seeing signs of spending from foreign tourists starting to wane.
The New Zealand dollar tumbled after Federal Reserve vice chairman Stanley Fischer indicated September was still a possibility for a rate hike.
COMMENT: Janet Yellen defended the value and effectiveness of the current US monetary policy regime.
WATCH: What's driving up the dollar? Liam Dann talks to Alex Hill from NZ Forex and currency reporter Jamie Gray.
The New Zealand dollar gave up some of its gains, dipping below 73 US cents, after Reserve Bank governor Graeme Wheeler backed his
The latest hawkish comments from a US Federal Reserve official weighed on equities and lifted the greenback.
The New Zealand dollar fell as Federal Reserve officials talked up the prospect of an interest rate hike this year which would sap
The dollar fell after Federal Reserve President John Williams revived talk of a rate hike as soon as September.
The New Zealand dollar is heading for a 1.1 per cent weekly gain against the greenback.
The New Zealand dollar was little changed near 73 US cents after the minutes of the Federal Reserve's policy review.
The New Zealand dollar climbed after dairy prices rose more than expected at the latest GlobalDairyTrade auction.
Wall Street moved lower as Federal Reserve officials suggested the US central bank might raise interest rates soon.
The New Zealand dollar gained along with other commodity-linked currencies as prices of raw materials rose and traders speculated
The dollar gained with other commodity-linked currencies as a pickup in prices of raw materials boosted sentiment.
The New Zealand dollar was little changed on a day that provided new information about the economy, kicking off a week that includes
The New Zealand dollar retreats after soaring as high as 73.41 US cents yesterday.
The New Zealand dollar fell back to where it was before yesterday's interest rate cut on expectations a strong currency will ensure
The export sector's hopes for a lower exchange rate were dashed yesterday.
COMMENT: Despite a 0.25 cash rate cut to a record low of 2 per cent, our dollar shot up almost one US cent this morning.
The kiwi jumped to a 15-month high after the Reserve Bank's quarter-point rate cut.
Kiwibank is cutting 0.20 percentage points off its floating rate mortgages, while ANZ, ASB and Westpac will shave a smaller amount.
Westpac has now joined ANZ bank and cut mortgage rates after the Reserve Bank dropped the OCR this morning.