NZ dollar hits fresh five-year low
The New Zealand dollar hit a fresh five-year low as traders firm up expectations for more interest rate cuts.
The New Zealand dollar hit a fresh five-year low as traders firm up expectations for more interest rate cuts.
Retailers may start to feel the squeeze in coming months after the fall of the kiwi dollar, but consumers are unlikely to see drastic changes to prices.
Brace yourself for life with a less valuable dollar. It won't be easy, we've grown used to the buying power that a strong currency brings.
Reserve Bank governor Graeme Wheeler and exporters alike will be taking some comfort from the devaluation of the NZ dollar and analysts are calling it lower still.
The dollar jumped briefly above 70 US cents after the US Fed Reserve pulled back its projections for future interest rate rises.
The dollar was little changed, holding below 70 US cents, after a relatively small decline in dairy prices.
The NZ dollar has slipped against the euro as breakdown in Greek debt negotiations stoke fears it will leave the Euro.
Sometimes it's hard to tell whether Bitcoin is more like Ponzi scheme or a pyramid scheme.
The New Zealand dollar could fall as low as US60c against the greenback this year following yesterday's official cash rate cut, says a market strategist.
The sharp fall in the New Zealand dollar yesterday, following months of easing, will result in winners and losers.
The New Zealand dollar could fall as low as US60c against the greenback this year following today's official cash rate cut, a market strategist says.
A cruise industry leader says the falling Kiwi dollar against the United States currency could be an impediment to growth in cruising by New Zealanders.
The NZ dollar edged up ahead of the Reserve Bank's monetary policy statement tomorrow.
MPI forecasts revenue from primary industries will drop to $35.2 billion in the year to June.
The dollar advanced as the greenback weakened following reports Obama raised concerns of US dollar strength.
Volatility on world fertiliser markets and the decline in the New Zealand dollar has brought with it a mixed bag of price changes for farmers.
The kiwi touched 70.25 US cents over the weekend, its lowest level since August 2010.
The dollar touched a four-month low against the euro after the European Central Bank lifted its inflation forecast.
The ANZ Commodity Price Index for May fell by 4.7pc, following April's 7.4 per cent decline.
Wall St is taking bitcoin seriously, which may surprise those who have followed the electronic currency's decline.
The dollar rose even after dairy product prices unexpectedly fell in the latest GlobalDairyTrade auction.
The kiwi touched 70.65 US cents in an illiquid market yesterday, its lowest level since August 2010.
The dollar dropped to its lowest in more than four years on concern about the outlook for the economy.
Of the many wonders to behold in Greece, Matt Derr has found a gem: local wine at $3 a glass.
The dollar changed little overnight with major markets in the US and the UK closed for public holidays.
The NZ fell as the US dollar strengthened following signs of rising US inflation.
The dollar fell to a four-year low against the British pound after UK retail sales rose more-than-expected.