
Dollar Outlook: Kiwi may decline this week
The dollar may fall this week as traders bet the Reserve Bank could reduce interest rates.
The dollar may fall this week as traders bet the Reserve Bank could reduce interest rates.
The kiwi touched 70.25 US cents over the weekend, its lowest level since August 2010.
Too many drivers are keeping the Auckland property market hot, and experts see little or no change, as David Maida discovers.
Auckland prices have been rising faster than elsewhere in the country, due to recent action by the Reserve Bank and the Govt.
The day of the Kiwi quarter-acre dream is a dream of yesteryear, especially for those of us who call Auckland home.
The dollar touched a four-month low against the euro after the European Central Bank lifted its inflation forecast.
Wall St higher overnight amid optimism Greece will reach a deal with international creditors soon.
The dollar rose even after dairy product prices unexpectedly fell in the latest GlobalDairyTrade auction.
Building consents fell in April, after the previous month's strong gain, as intentions to build houses decreased.
The dollar dropped to its lowest in more than four years on concern about the outlook for the economy.
Reserve Bank will disappoint financial markets and leave the official cash rate on hold for another two years, says NZIER.
The economy is expected to grow at about 3 per cent a year out to 2017, driving jobs growth and reducing unemployment, says the NZIER.
Strong employment growth is pushing the US economy close to the point where it can support higher interest rates.
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.
William Pesek grades Park Geun Hye of South Korea, Benigno Aquino of the Philippines and Joko Widodo of Indonesia.
The dollar fell to a four-year low against the British pound after UK retail sales rose more-than-expected.
The dollar held near the bottom end of its recent trading range as investors weighed up interest rates cuts.
ASB has followed the lead of ANZ and Kiwibank and slashed its fixed mortgage rates.
The dollar fell as the greenback strengthened following better-than-expected US housing data.
Westpac could join a mortgage-rate battle after Kiwibank and ANZ slashed their home loan rates.
Businesses have lifted their expectations for inflation, sapping immediate pressure on the Reserve Bank to cut interest rates.
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.