Dollar holds near bottom of range
The dollar held near the bottom end of its recent trading range as investors weighed up interest rates cuts.
The dollar held near the bottom end of its recent trading range as investors weighed up interest rates cuts.
Talk of a "parity party" may have died down but the New Zealand dollar's strength against its Aussie counterpart has been squeezing Cavalier Corporation's earnings and adding to the carpet....
The dollar fell as the greenback strengthened following better-than-expected US housing data.
The New Zealand dollar declined as the greenback strengthened on optimism the US economy will rebound.
The New Zealand dollar fell on speculation that potential developments could give the bank more room to cut interest rates.
The New Zealand dollar fell after the government stepped up measures to curb Auckland's bubbling housing market.
The NZ dollar advanced against the US stoking speculation the Federal Reserve will delay hiking interest rates.
The dollar weakened after the Reserve Bank governor reiterated the currency was "unjustified and unsustainable".
An official cash rate of 3.5 per cent, which would have been base camp in previous cycles, is now being seen as the highest it will climb this time.
Record numbers of New Zealanders are seeking to make a mint on foreign exchange trading.
The kiwi touched 74.23 US cents, and was trading at 74.43 cents at 8am in Wellington, from 74.99 cents at 5pm yesterday.
The kiwi dropped yesterday after data showed annual wage inflation in the private sector slowed to a 0.3 per cent pace in the three months ended March 31.
New Zealand dollar parity with the Australian currency became less likely yesterday after the cross rate, contrary to expectations, fell in the wake of the Reserve Bank of Australia's decision to cut its official cash rate for second time this year.
The New Zealand dollar is trading close to parity with the Australian dollar and may push through the historic milestone today.