The New Zealand dollar fell today as the trade balance surplus shrank last month more than was expected by market participants, adding to concerns about slowdown of global growth.
New Zealand — News Archive
NZ Dollar Jumps as Employers Add Jobs & Unemployment Falls
May 09th, 2013 at 10:48
The New Zealand dollar climbed today after country’s employers added more jobs than was expected. Moreover, the unemployment rate demonstrated huge (and unexpected) drop.
NZ Dollar Drops as RBNZ Intervenes
May 08th, 2013 at 12:17
The New Zealand dollar dropped today as the Reserve Bank of New Zealand intervened, selling the currency, and signaled that it may do so again to halt the rally of the kiwi.
NZ Dollar Maintains Gains on Fed even as China’s Manufacturing PMI Falls
May 01st, 2013 at 10:52
The New Zealand dollar gained today on hopes that the Federal Reserve will confirm that quantitative easing stays in place. The currency maintained gains even as China’s manufacturing growth slowed.
NZ Dollar Rallies on Anticipation of Building Approvals Growth
April 29th, 2013 at 10:37
The New Zealand dollar jumped today on forecast that housing approvals will show growth with accelerating pace in tomorrow’s report. The currency performed rather good last week and started this week on a strong footing.
NZ Dollar Soft Even as Trading Surplus Widens
April 26th, 2013 at 10:32
The New Zealand dollar rallied against its US counterpart today as New Zealand’s trading balance surplus surged above analysts’ expectations. The kiwi trimmed its advance versus the greenback later and fell against the Japanese yen despite the positive news.
NZ Dollar Soars as RBNZ Refrains from Cutting Interest Rates
April 24th, 2013 at 9:39
The New Zealand dollar surged today after the Reserve Bank of New Zealand left its main interest rate unchanged and suggested that there will be no rate cuts this year.
Slowing China’s Manufacturing Growth Hurts NZ Dollar
April 23rd, 2013 at 4:50
The New Zealand dollar dropped today as slowing growth of China’s manufacturing sector led to worries about global economic growth and hurt prospects for New Zealand exports.
NZ Dollar Gains Despite Slowing Growth in China
April 19th, 2013 at 11:20
The New Zealand dollar gained today even as macroeconomic reports suggested that economic growth in China is slowing, worsening prospects for New Zealand exports.
Kiwi Gets Boost Following Yesterday’s Drop
April 16th, 2013 at 15:17
New Zealand dollar is getting a boost today, heading a little bit higher after yesterday’s drop. Kiwi is seeing some support, but more weakness could be ahead.
