foreign exchange
Greg Ninness says there may come a day when banks don't have any direct contact with their customers and everything is handled by third parties
25th Apr 24, 9:02am
12
Greg Ninness says there may come a day when banks don't have any direct contact with their customers and everything is handled by third parties
Reserve Bank staffing levels and personal costs surge over past five years as it takes on broader role
14th Oct 23, 9:27am
25
Reserve Bank staffing levels and personal costs surge over past five years as it takes on broader role
Reserve Bank gets an extra $500 million to build up the foreign reserves it would use to prop up the New Zealand dollar in a crisis
3rd Aug 23, 6:46am
38
Reserve Bank gets an extra $500 million to build up the foreign reserves it would use to prop up the New Zealand dollar in a crisis
Given the 'massive divergence' currently between the US Fed and our RBNZ, Kiwibank economists see the Kiwi dollar surging
30th Aug 21, 3:49pm
Given the 'massive divergence' currently between the US Fed and our RBNZ, Kiwibank economists see the Kiwi dollar surging
Foreign exchange broker Russell Maher whose company Forex Brokers Ltd is in liquidation, enters no plea to fraud charges brought by the Serious Fraud Office
11th Jun 19, 10:37am
5
Foreign exchange broker Russell Maher whose company Forex Brokers Ltd is in liquidation, enters no plea to fraud charges brought by the Serious Fraud Office
BNZ says bug in a third-party foreign exchange trading platform in 2014 resulted in a forex trade replicating in error causing an unintended position of over $1 billion against US dollar for half an hour
1st Jun 19, 9:31am
8
BNZ says bug in a third-party foreign exchange trading platform in 2014 resulted in a forex trade replicating in error causing an unintended position of over $1 billion against US dollar for half an hour
NZD and other risk associated currencies have tracked higher off the weekly open; AUD continues its merry way south against the NZD; no evidence to be found that President Trump coordinated with the Russian government
26th Mar 19, 2:39pm
NZD and other risk associated currencies have tracked higher off the weekly open; AUD continues its merry way south against the NZD; no evidence to be found that President Trump coordinated with the Russian government
Auckland foreign exchange broker pleads guilty to running a Ponzi scheme to defraud his clients of more than $7 million
20th Mar 19, 1:13pm
3
Auckland foreign exchange broker pleads guilty to running a Ponzi scheme to defraud his clients of more than $7 million
Lack of data last week on the NZD calendar has seen the currency push higher on general USD weakness to 0.6875, before easing back slightly; AUDNZD pair is still trending higher
19th Mar 19, 2:24pm
Lack of data last week on the NZD calendar has seen the currency push higher on general USD weakness to 0.6875, before easing back slightly; AUDNZD pair is still trending higher
NZD received a boost Friday after broad based declines in the USD; NZD continues to improve on the AUD; GBP recovered off last week low of 0.5230 against the NZD
12th Mar 19, 2:14pm
NZD received a boost Friday after broad based declines in the USD; NZD continues to improve on the AUD; GBP recovered off last week low of 0.5230 against the NZD
Risk sentiment improved over the weekend when positive comments came out of meetings between US negotiators and Chinese officials; NZD started the week well peaking at 0.6827 USD; NZDAUD pair opened the week around 0.9610
5th Mar 19, 2:31pm
Risk sentiment improved over the weekend when positive comments came out of meetings between US negotiators and Chinese officials; NZD started the week well peaking at 0.6827 USD; NZDAUD pair opened the week around 0.9610
Currency markets closed lower Friday after investors became nervous around US/China trade talks; Monday morning has seen every major currency push higher including the NZD and the AUD
26th Feb 19, 1:57pm
Currency markets closed lower Friday after investors became nervous around US/China trade talks; Monday morning has seen every major currency push higher including the NZD and the AUD
NZD is over 1.60% stronger than the USD to 0.6890; NZDAUD broke past resistance of 0.9600 to a high of 0.9645; RBNZ left cash rate unchanged at 1.75%
19th Feb 19, 2:20pm
NZD is over 1.60% stronger than the USD to 0.6890; NZDAUD broke past resistance of 0.9600 to a high of 0.9645; RBNZ left cash rate unchanged at 1.75%
Major US indices have closed the week in negative territory; USD has had its best week in over six months; NZD has been the poorest performing currency over the past week next to the AUD
12th Feb 19, 2:35pm
Major US indices have closed the week in negative territory; USD has had its best week in over six months; NZD has been the poorest performing currency over the past week next to the AUD
January for equity markets turned out positive with gains of over 7.8% in the S&P; NZD has recovered well from early January 0.6600 levels reaching a high Friday; this week’s local driver will be Thursday’s NZ employment figures
5th Feb 19, 2:32pm
January for equity markets turned out positive with gains of over 7.8% in the S&P; NZD has recovered well from early January 0.6600 levels reaching a high Friday; this week’s local driver will be Thursday’s NZ employment figures
President Trump succumbed to pressure over the weekend, ending the shutdown with no concession; Brexit continues to dominate the Eurozone; NZD continues to hold in the higher level
30th Jan 19, 3:22pm
President Trump succumbed to pressure over the weekend, ending the shutdown with no concession; Brexit continues to dominate the Eurozone; NZD continues to hold in the higher level
Markets closed in the red Friday in a risk off mood; NZD momentarily recovered towards 0.6800 but failed to make any headway past 0.6890 at the close; NZD has lost ground against its Australian cousin
18th Dec 18, 12:55pm
Markets closed in the red Friday in a risk off mood; NZD momentarily recovered towards 0.6800 but failed to make any headway past 0.6890 at the close; NZD has lost ground against its Australian cousin
Equity markets continue to be on a wild ride of late; China growth has slowed for November; NZD has made a good start to the week against the USD; NZD continues to outperform the AUD
11th Dec 18, 3:18pm
Equity markets continue to be on a wild ride of late; China growth has slowed for November; NZD has made a good start to the week against the USD; NZD continues to outperform the AUD
Good news emerged from the G20 weekend meeting; NZD has continued its bullish run higher to reach 0.6930; NZD rallied off the weekly open of 0.9370 AUD to reach recent resistance of 0.9435 during Monday’s trading
4th Dec 18, 1:54pm
Good news emerged from the G20 weekend meeting; NZD has continued its bullish run higher to reach 0.6930; NZD rallied off the weekly open of 0.9370 AUD to reach recent resistance of 0.9435 during Monday’s trading
NZD fell away sharply continuing its momentum to the downside from last week’s risk off close; NZDAUD remains very much content in its recent range between 0.9345 and 0.9430
27th Nov 18, 3:10pm
NZD fell away sharply continuing its momentum to the downside from last week’s risk off close; NZDAUD remains very much content in its recent range between 0.9345 and 0.9430
Currency markets ended the week uneventfully after a huge week of Brexit related headlines; NZD rallied to 0.6880 against the greenback during Friday’s NY session where it closed the week; NZDAUD is still mysteriously holding up over 0.9300 levels
20th Nov 18, 2:07pm
Currency markets ended the week uneventfully after a huge week of Brexit related headlines; NZD rallied to 0.6880 against the greenback during Friday’s NY session where it closed the week; NZDAUD is still mysteriously holding up over 0.9300 levels
Markets are still figuring out what it all means post US elections and Fed policy announcement; NZD climbed to a four month high of 0.6817; NZD has continued to climb against the AUD
13th Nov 18, 2:16pm
Markets are still figuring out what it all means post US elections and Fed policy announcement; NZD climbed to a four month high of 0.6817; NZD has continued to climb against the AUD
The potential future of Donald Trump's presidency could be decided this week; NZD held its ground late Friday reaching a high of 0.6685 against the USD after Non Farm Payroll numbers printed; NZDAUD pair continues to be range bound
6th Nov 18, 1:54pm
The potential future of Donald Trump's presidency could be decided this week; NZD held its ground late Friday reaching a high of 0.6685 against the USD after Non Farm Payroll numbers printed; NZDAUD pair continues to be range bound
Equity markets in the US closed down for the week with the DOW at -3.0% and the S&P and Nasdaq both around -3.9%; NZD traded from 0.6600 levels from last week’s open down to 0.6470 Friday against the USD; NZDAUD cross opened at 0.9200
30th Oct 18, 2:47pm
Equity markets in the US closed down for the week with the DOW at -3.0% and the S&P and Nasdaq both around -3.9%; NZD traded from 0.6600 levels from last week’s open down to 0.6470 Friday against the USD; NZDAUD cross opened at 0.9200
US based indices are down over 4% which marks the third biggest weekly loss this year; CPI figures published well up on expectations this morning pushing the NZD higher to 0.6595; NZD is back trading above 0.9200 levels against the AUD
16th Oct 18, 3:03pm
US based indices are down over 4% which marks the third biggest weekly loss this year; CPI figures published well up on expectations this morning pushing the NZD higher to 0.6595; NZD is back trading above 0.9200 levels against the AUD