Exchange rate

The New Zealand dollar made up a little of the ground lost overnight, undoing some of the effect of a warning from China that the global economy remained vulnerable to sovereign debt risks.

The New Zealand dollar rose today on month-end position squaring and also because the euro and Australian dollars were firm.

The New Zealand dollar was sharply higher today but it ended off its best levels ahead of a long weekend in both the United States and United Kingdom markets.

The New Zealand dollar closed near its session lows after fear again gripped equity and currency markets.

The New Zealand dollar fell today when the Australian dollar came under pressure.

Favourable exchange rate movements helped boost prices at last week's combined North and South Island wool sale.

The New Zealand dollar regained some lost ground today against most currencies after an overnight slide, when spooked investors moved to the safe haven currencies of the United States dollar and Japanese yen.

The New Zealand dollar was more than a US cent lower than it had been on Friday today after investors again took fright and sold the euro to a four-year lows.

The New Zealand dollar fell today after retail sales data for the March quarter was weaker than expected.

The New Zealand dollar rose on a day in which the Australian dollar got a lift from strong employment data and equity markets rallied.

The New Zealand dollar fell today on worries about the ability of the rescue package for the euro to solve debt issues in that part of the world.

The New Zealand dollar surged today when a stunningly low unemployment figure and a speech by the Reserve Bank of New Zealand (RBNZ) Governor Alan Bollard left investors in no doubt that the official cash rate will rise in June.

The New Zealand dollar traded about a US cent lower than yesterday as investors sought shelter in the United States currency amid fears that aid for Greece may not prevent debt crises in other euro zone countries.

The New Zealand dollar trailed off during the day, but largely held up against the Australian dollar despite an interest rate rise across the Tasman.

The New Zealand dollar consolidated at higher levels today after surging above US73c against the greenback for the first time in more than three months overnight on Friday.

The New Zealand dollar pushed higher against the greenback after the Federal Reserve pledged to hold United States rates at record lows at the same time as it sounded a more confident note about the US economy.

The prospect of interest rate rises in New Zealand and the United States injected a note of caution in the New Zealand dollar, which hit a two-year high against the euro and a three-month high against the US dollar overnight.

A stronger exchange rate forced down prices at last week's combined South and North Island wool sales.