|NZ dollar edges up; bets on stronger kiwi leave it vulnerable to correction|
The New Zealand dollar edged up in New York trading on Friday as data emerged that showed traders have been increasing their bets on a strong kiwi, a situation that may actually leave the currency more vulnerable to a correction.The...
© 2017 NZ Herald Mon 9:55am Chinese investors get around tighter controls on money flow
About 90 per cent of all computer currency Bitcoin transactions take place in China as people use it to transfer money out of the country, according to property researcher Brendan Keenan with Whillans Realty.
© 2017 Stuff.co.nz Sun 5:15am RBNZ's Wheeler keeps OCR at 1.75% with uncertain outlook, complains about strong kiwi
Reserve Bank governor Graeme Wheeler kept the official cash rate at 1.75 percent and will look through a recent pick-up in inflation which is seen as being a temporary spike in the tradables sector while complaining about the currency's strength
© 2017 sharechat.co.nz Thu 12:35am NZ dollar tad weaker ahead of cash rate review
The New Zealand dollar is slightly weaker as markets anticipate the central bank will attempt to jawbone it lower in tomorrow's official cash rate review while keeping rates on hold at 1.75 per cent.The local currency traded at...
© 2017 NZ Herald Wed, 21 Jun 5:55pm NZ dollar pares overnight losses
The New Zealand dollar recovered some overnight losses after New York Federal Reserve President William Dudley signalled a willingness to gradually increase US interest rates to support economic growth but the local currency remained...
© 2017 NZ Herald Tue, 20 Jun 5:55pm Egypt lifts limit on foreign currency transfers
CAIRO (AP) " Egypt's central bank says it has lifted a $100,000 annual cap for foreign currency transfers abroad, signaling progress toward easing a dollar shortage and potentially strengthening investor confidence.Egypt set the...
© 2017 NZ Herald Fri, 16 Jun 11:45pm Timebanking taking off as thousands of Kiwis donate their time to each other
Forget about getting cash out to pay the handyman coming to fix that squeaky door; instead, more and more people are using their precious time as a bankable currency.
© 2017 Stuff.co.nz Sun, 11 Jun 5:25am China's reserves rise for fourth month
BEIJING (AP) " China's foreign currency reserves have risen for a fourth month ahead of a possible U.S. interest rate hike that might put new pressure on Beijing's exchange rate controls.Government data on Wednesday showed the reserves,...
© 2017 NZ Herald Thu, 8 Jun 3:15am