Tag: British Pound

Cash Rate Crunch for New Zealand

The New Zealand Dollar opened this week at a more palatable level during the Australasia trading zone before sliding once again to above 1.98 against the British Pound in afternoon trade. The early morning support for the Kiwi was mainly driven by positive Chinese export data indicating that global economic ...

Kiwi Dollar Still In Control

THE NEW ZEALAND DOLLAR | The New Zealand Dollar opened this week slightly better from last week’s news with dairy Exporter, Fonterra’s reporting of weaker second half earnings, causing a bit of a headache for the export sector.

Kiwi gains against Major Currencies

The major contributing factor to the strengthening of the Kiwi against the US Dollar last week was that the Federal Reserve Chairman, Ben Bernanke, put investor’s minds at ease by informing them that the Federal Reserve will not be buying back large amounts of its bonds at once.

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