NZ new vehicle sales at 34 year high in April
By Tina Morrison May 3 (BusinessDesk) - New Zealand new vehicle sales in April rose to the highest level for the month in 34 years, led by record demand for commercial models. Registrations increased 7 percent to 9,939 in April from a year earlier, marking the strongest Apr...
NZ dollar pops above 70 US cents as greenback weakens on manufacturing data
By Tina Morrison May 3 (BusinessDesk) - The New Zealand dollar rose above 70 US cents overnight as the US dollar weakened after a report showed US manufacturing activity slipped in April, raising concern about the pace of recovery in the world's largest economy. The kiwi ga...
NZ dollar above 92 Australian cents on RBA rate cut bets
The New Zealand dollar rose above 92 Australian cents for the first time since early March on speculation softer inflation data across the Tasman and weaker demand in China may prompt the Reserve Bank of Australia to cut its benchmark interest rate tomorrow. The kiwi traded at...
NZ Dollar Outlook: Kiwi may rise as RBA, dairy auction awaited
By Tina Morrison May 2 (BusinessDesk) - The New Zealand dollar may rise this week on the prospects that the Reserve Bank of Australia will cut interest rates while prices are seen rising at the latest dairy auction. The kiwi may trade between 68 US cents and 72 cents this w...
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