NZ dollar recovers ground against trans-Tasman counterpart
The New Zealand dollar recovered ground against its trans-Tasman counterpart after falling unemployment firmed up expectations for a rate hike by the local central bank.
AdvertisementAdvertise with NZME.
Latest fromMonetary Policy
Kiwi dollar tipped to fall this week
Signs of a revival in the Aussie economy have prompted that nation's central bank to remove its easing bias.
Building consents reach six-year high
New Zealand building consents for residential housing rose 7.6% in December, taking the annual level of new permits to a six-year high.
Rate rise in March - bank on it
The OCR has been left unchanged this morning, making a March hike now 'a near certainty' according to one economist.
Dollar slips on speculation US Fed will further trim asset purchases
The dollar fell against the greenback amid speculation the Federal Reserve will further trim its bond buying programme next week.
'No justification' for OCR rise - EMA
The economic recovery will stall if banks have their way and interest rates are lifted in January, the EMA says.
OCR hike unlikely next week
Accelerating inflation isn't expected to sway the Reserve Bank from a March rate hike, as rising consumer prices firm up the outlook of a strengthening economy.
Dollar little changed ahead of inflation data
The NZ dollar was little changed ahead of local inflation data which is expected to inform the Reserve Bank's decision when it reviews monetary policy next week.
Dollar at 8-year high against Aussie
The Kiwi dollar climbed to a new eight-year high after weak Aussie jobs data highlighted divergent interest rate outlooks between the neighbouring economies.
Dollar hits 8-year high against Aussie
The New Zealand dollar touched an eight-year against its trans-Tasman counterpart ahead of Australia employment figures.