The New Zealand dollar rose to the highest level since early January 2009 today, backed by the support from the continuously growing emerging and developed stock markets.
Aussie Rises to New Monthly Maximums
March 17th, 2009 at 15:57
The Australian dollar reached the new monthly maximum the Japanese yen as the stock markets signaled growth for a third day on improved earnings of the banks.
New Zealand Dollar Surges to Monthly High
March 13th, 2009 at 11:29
The New Zealand dollar propelled to the monthly high against the U.S. dollar today, rising for the second day, as the stock marked continued to grow globally, improving the appeal of the higher yielding currencies.
New Zealand Dollar Corrects vs. All Majors
February 05th, 2009 at 12:16
The New Zealand dollar went up against all other major currencies today as the country’s jobless report wasn’t as bad as some traders expected and the kiwi needed to correct after some of its greatest losses.
New Zealand Dollar Falls on Rate Cut
January 29th, 2009 at 10:25
The New Zealand currency declined against the U.S. dollar, the yen and its Australian counterpart today after the country’s central bank decided to cut the interest rate to a record low amidst the raging recession.
NZD Falls as Service Industry Contracts
January 26th, 2009 at 10:38
The New Zealand dollar declined against the U.S. and Australian currencies today as the country’s services industry continued to decline for a ninth month in a row last December, according the Performance of Services Index that was released yesterday.
NZD Drops as Credit Rating Outlook Revised
January 13th, 2009 at 10:44
The New Zealand dollar dropped to the monthly low against the U.S. dollar today as the S&P rating agency revised the country’s foreign currency credit rating outlook from stable to negative.
AUD, NZD Down on Aroused Risk Aversion
January 08th, 2009 at 11:19
The Australian and New Zealand dollars both showed a second day of decline today on the Forex market as the stocks, commodities and the confidence in the fast recovery from the recession fell world-wide.
Yen Down on Intervention Concerns
December 18th, 2008 at 10:37
The Japanese yen posted its first daily drop against the U.S. dollar after 5 days of gains as the Japan’s Finance Minister said that the currency intervention will be used if needed to keep the yen from the excessive appreciating.
Aussie, Kiwi Rise on China’s Stimulus Plan
November 10th, 2008 at 10:57
The Australian and New Zealand dollars rose against the U.S. dollar and the Japanese Yen compared to the last Friday’s close levels as the China said that the government will provide $586 billion of liquidity help to the national economy.
