NZ dollar pares gains on wider current account deficit than expected, Fed meeting looms

Wed, 20 Jun 2012

By Paul McBeth June 20 (BusinessDesk) - The New Zealand dollar pared gains from a seven-week high after the current account deficit widened more than expected in the first quarter and traders await the Federal Reserve's monetary policy meeting which may unveil extra stimulus for the world's biggest economy. The kiwi fell to 79.49 US cents at 5pm from 79.75 cents just before 8am, and was up from 79.31 cents yesterday. The trade weighted index was little changed at 71.59 from 71.63 yesterday. New Zealand's current account deficit widened to $...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Property FREE
Money Answers: how much mortgage can I actually afford?
Frances Cook | Sat, 25 Jun 2022

This week, readers ask how they should decide as a family what they can afford in terms of buying a house – and just because you can, should you?

Health
The eyes have it
The Economist | Sat, 25 Jun 2022

Short-sightedness used to be rare. Now it's growing across the globe. Tim Cross, The Economist's technology editor, investigates its rapid rise.

On the Money
On the Money: Don Braid, Fletcher, Steve Newman and more
Victoria Young | Sat, 25 Jun 2022

OTM this week: A bit of matchy-matchy for Don Braid, the reopening of Parliament's lawns, Eroad, Fletcher and more. 

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

Sponsored
High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.