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NZ Dollar Rises On Finance Minister English Comments

The New Zealand dollar continued to be strong against the other major currencies in the Asian session on Tuesday after the nation’s Finance Minister Bill English said dairy prices may recover at the end of this year. Bill English said that there would be a recovery in dairy prices some time in 2015. “I don’t think there’s much doubt that they’re going to pick up, it’s just a matter of when and…

Kiwi Falls As Weak Jobs Data Fuels Rate Cut Speculation

The New Zealand dollar weakened against the other major currencies in the Asian session on Wednesday, as more than expected unemployment rate for the first quarter of 2015, fueled rate cut speculation by the central bank.

Data from Statistics New Zealand showed that the unemployment rate in New Zealand was a seasonally adjusted 5.8 percent in the first quarter of 2015. That missed forecasts for…

NZ Dollar Extends Slide After Fonterra Dairy Prices Dip

The New Zealand dollar continued to be weaker against the other major currencies in the Asian session on Wednesday, after dairy prices in Fonterra’s GlobalDairyTrade auction dropped for the first time in three months.

In the overnight auction of Fonterra Co-operative Group, the GlobalDairyTrade index fell by 8.8 per cent for the first time in three months. Prices at the GlobalDairyTrade auction…

NZ Dollar Declines As RBNZ Says Inflation Expectations Fall

The New Zealand dollar weakened against the other major currencies in the Asian session on Tuesday, after the Reserve Bank of New Zealand said inflation expectations have declined.

A quarterly survey published by the Reserve Bank of New Zealand showed that two-year ahead inflation expectations in New Zealand eased to 1.80 percent in the first quarter from 2.06 percent in the fourth quarter.

Inf…