Reserve Bank of New Zealand — News Archive

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NZ Dollar Gains on Retail Sales, RBNZ Chief’s Comments

The New Zealand dollar rallied against other most-traded currencies today after the release of retail sales data and comments for the central bank’s chief. The currency has trimmed its gains by now but is still trading above the opening level.

NZ Dollar Soft as Manufacturing PMI Drops

The New Zealand dollar was somewhat soft today after the nation’s manufacturing sector demonstrated contraction last month. The currency has trimmed losses against some of its rivals, though, and stood its ground versus safer currencies as the risk sentiment stabilized.

NZ Dollar Weakest During Week of Interest Rate Cuts

The New Zealand dollar ended the week as the weakest among most-traded currencies. The major reason for the poor performance was a larger-than-expected interest rate cut by New Zealand’s central bank, but risk aversion also played a significant part.

NZ Dollar Recovers on China’s Data, Remains Vulnerable to Monetary Policy Outlook

The New Zealand dollar gained today against major currencies. One of the possible reasons for the gains was profit-taking after yesterday’s huge slump. Another one was positive data from China — the world’s second-largest economy and New Zealand’s biggest trading partner. The gains were limited, though, as central bank’s assistant governor suggested a possibility of another interest rate cut.

RBNZ Makes Surprise Interest Rate Cut, Kiwi Sinks

The Reserve Bank of New Zealand surprised markets today, cutting interest rates more than was expected. As a result, the New Zealand dollar sank against almost all of its most-traded rivals. While the currency has trimmed losses by now, it is still trading far below the opening level. Surprisingly, the kiwi managed to gain on the Great Britain pound, which remains under pressure from fears of a hard Brexit.

NZ Dollar Rallies After RBNZ Talks About Interest Rate Cut

The New Zealand dollar dropped initially after the Reserve Bank of New Zealand made a monetary policy announcement today, hinting at possibility of an interest rate cut in the future. But the currency rebounded almost immediately and is trading now far above the opening level.

NZ Dollar Ends Session & Week Mixed, Waits for RBNZ

The New Zealand dollar was heading to end the Friday’s trading session mixed. The same goes for the whole week as the currency gained on some rivals but fell versus others. The next week should be very important for the kiwi and can help establish a more clear trend.

NZ Dollar Falls on Market Sentiment, Domestic Data

The New Zealand dollar fell today as negative domestic macroeconomic data and the risk-off market sentiment drove the currency down.

NZ Dollar Licks Wounds After RBNZ Cuts Interest Rates

The New Zealand dollar sank today after the Reserve Bank of New Zealand cut interest rates. By now, the currency managed to erase a big chunk of losses, though it is still trading below the opening level.

NZ Dollar Follows Australian Dollar in Decline

The New Zealand dollar dropped today, following the Australian dollar in decline.

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