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Australian, N.Z. Dollars Gain as Fed May Delay Raising Rates
The Australian and New Zealand dollars rose on speculation the Federal Reserve will delay raising interest rates, maintaining the South Pacific nations' yield advantage over the U.S.
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Kiwi will keep on falling: experts
The New Zealand dollar closed below US70c for the first time in 11 months last night and with more Reserve Bank rate cuts on the way there is little to stop it falling further, currency watchers say. 6
Recession shows its face - NZ retail sales fall
Retail sales fell a seasonally and inflation-adjusted 1.5 per cent in the June quarter, providing further strong indications that New Zealand is in a recession. 6
Australian, N.Z. Dollars Strengthen as Commodity Prices rise
The Australian and New Zealand dollars gained as prices of the commodities the two nations export increased and technical charts showed the currencies' recent losses have been overdone. 11
Australian Dollar Trades Near Four-Month Low
The Australian dollar traded near the lowest in four months as the yield advantage of the nation's two- year government bonds over U.S. Treasuries shrank to the least this year. The New Zealand dollar gained. 5
Australian Dollar May Fall to NZ$1.24, Standard Chartered Sa
The Australian dollar may fall against the New Zealand currency to as low as NZ$1.24 after failing to sustain gains above so-called resistance at NZ$1.2880, according to Standard Chartered Plc. 7
Australian, N.Z. Dollars Gain as Charts Signal Losses Excess
The Australian dollar rose from a three-month low and the New Zealand dollar climbed from near the weakest in 10 months as technical charts signaled the more than 2 percent loss in the currencies of the past week was excessive. 5
News and views on the NZD, AUD, and USD
The USD remained bid in the overnight session on a lower gold price (5 week lows), then announcement of changes to securities loan programs from theFed, ECB and SNB, and then a continued equity bounce.
