By 22 June, the New Zealand dollar traded at 0.79 USD per NZD, which was 4.4% stronger than the same day of the previous month. The figure, however, follows on an 8.0% depreciation recorded in the month of May, when the currency traded at 0.75 USD per NZD, the lowest level seen since February 2011. On an annual basis, the kiwi was 8.6% weaker compared to May last year. The New Zealand dollar fell sharply in May, as risk aversion heightened due to a deteriorating situation in the Eurozone, particularly in Greece, where polls had shown that the anti-bailout Syrizia party may win the 17 June elections. However, the New Zealand dollar has been gaining momentum following the Greek election result, which gave pro-austerity parties a majority in parliament, allowing them to form a new governing coalition.
New Zealand Exchange Rate
New Zealand dollar rises after falling to a 15-month low
June 20, 2012
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New Zealand Economic News
October 19, 2016
In Q3, consumer prices edged down from the quarter-on-quarter seasonally-adjusted 0.4% increase observed in Q2 to 0.2%.
September 30, 2016
Economic sentiment among New Zealand businesses rebounded in September after declining for two consecutive months.
September 22, 2016
At its meeting held on 22 September, the Reserve Bank of New Zealand (RBNZ) decided to keep the Official Cash Rate (OCR) at 2.00%.
September 19, 2016
New Zealanders’ confidence rose in Q3 after having deteriorated in the previous two quarters.
September 15, 2016
GDP grew a seasonally-adjusted 0.9% over the previous quarter in Q2, which matched the result tallied in Q1.