NZ dollar sinks after RBNZ's veiled threat to cut rates, drops against Aust dollar on jobs data

Thu, 14 Mar 2013

By Paul McBeth March 14 (BusinessDesk) - The New Zealand dollar sank to a four-month low against the greenback after the Reserve Bank threatened to cut interest rates if the currency appreciates unreasonably, and tumbled to a two-month low versus the Australian dollar after better than expected jobs figures across the Tasman. The kiwi fell to 81.74 US cents at 5pm in Wellington from 82.60 cents immediately before the RBNZ release and 82.50 cents yesterday. The local currency sank to 78.84 Australian cents from 79.33 cents before the jobs dat...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close
NZ shares fall as market rally evaporates
Dan Brunskill | Wed, 29 Jun 2022

A survey showed US consumer confidence was at its lowest since 2013.

Donald Trump Steers Himself into a Legal Morass
Bloomberg | Wed, 29 Jun 2022

I don’t think anyone can doubt that Trump committed crimes, based on the testimony we’ve heard. Serious crimes. 

Kiwi chair Mark Ford says property values may fall 5-10%
Jenny Ruth | Wed, 29 Jun 2022

Many of the factors weighing on Kiwi Property's share price are beyond its control, chair Mark Ford told shareholders.

Investments to sustain the momentum of building in NZ

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

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.