Forex exchange and currency news

NZ dollar gains before CPI, helped by dairy gains, rally on Wall Street
The New Zealand dollar rose back above 85 US cents before figures that are expected to show a pick-up in quarterly inflation and after gains on Wall Street and a modest increase in dairy prices to a new record

NZ dollar trades little changed as US budget talks bear down on deadline
The New Zealand dollar was little changed against the greenback as traders awaited developments on US budget talks, with the fiscal cliff deadline now just two days away

NZ dollar falls with equities on view US to sail over fiscal cliff
The New Zealand dollar fell as US stocks tumbled on concern America is running out of time to avert US$600 billion of tax hikes and spending cuts starting Jan. 1 that threaten to stall the world's biggest economy

NZ dollar weakens as fiscal cliff looms, long bets unwind
The New Zealand dollar fell against most major currencies as the looming US fiscal cliff sapped risk appetite, stoking demand for the greenback, and investors continued to unwind long positions in the kiwi and Australian dollars

NZ dollar sinks to three-week low as equities fall, fiscal talks in focus
The New Zealand dollar fell to a three-week low against the greenback after equities weakened and doubts grew on the ability of US Republicans and Democrats to reach agreement on averting the fiscal cliff

NZ dollar slips as fiscal cliff talks grind slower in Washington
The New Zealand dollar fell amid concern time is running out for politicians in Washington to avert the fiscal cliff and help prevent the world's biggest economy falling into recession

NZ dollar falls ahead of GDP report as global risk sentiment wanes
The New Zealand dollar fell as global risk sentiment abated and ahead of figures expected to show the economy slowed in the third quarter

NZ dollar drops vs. euro after Greek upgrade, Spanish debt sale
The New Zealand dollar fell against the euro as the common currency climbed against most of its trading peers after Standard & Poor's upgraded Greece and Spain managed to sell all the debt it targeted in its last auction of the year

NZ dollar holds above 80 Australian cents as RBA, half-year update loom
The New Zealand dollar held above 80 Australian cents ahead of the minutes of the Reserve Bank of Australia's last policy meeting amid speculation it has further interest rates

NZ dollar surges to 4-year high vs. yen as Japan’s LDP sweeps to victory
The New Zealand dollar rose to a four-year high against the yen after Japan's Liberal Democratic party swept to power, mustering enough support to enact sweeping economic reforms and weaken the currency

NZ dollar falls as stalled fiscal cliff talks sap risk appetite
The New Zealand dollar fell from a nine-month high amid concerns politicians in Washington are making no progress in talks to avert the fiscal cliff, countering the impetus growth assets got from the Federal Reserve's further quantitative easing and weigh

NZ dollar reaches new 9-mth high as Fed extend QE
The New Zealand dollar rose to a new 9-month high after the Federal Reserve extended its quantitative easing programme and tied the end of record low interest rates to a targeted drop in unemployment

NZ dollar rises to 9-mth high as German confidence, Fed hopes lift stocks
The New Zealand dollar rose to a nine-month high as hopes Germany will avoid recession and optimism the Federal Reserve will enact more easing measures helped stocks rally and lift risk sentiment

NZ dollar holds above 83 US cents as FOMC awaited
The New Zealand dollar was little changed above 83 US cents after testing the upper limits of its recent trading range as traders await this week's meeting of Federal Reserve policymakers.