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N.Z. Dollar Declines to Six-Year Low; Australian Dollar Weak

posted by chloegurl 1221 days ago in USD, NZD made popular 1221 days ago

The New Zealand dollar weakened to a six-year low against the U.S. currency on concern the nation will have trouble funding its current-account deficit as the global slowdown deepens. Australia’s currency also fell.

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Big rate cut expected as inflation plunges to 3.4 percent

posted by scorpio 1222 days ago in NZD, Fundamental, Inflation made popular 1222 days ago

Annual inflation fell to 3.4 percent in the December quarter, from the 18-year high of 5.1 percent in the three months to September.

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Figures show fall in inflation

posted by post-it 1222 days ago in NZD, Fundamental made popular 1222 days ago

New figures show that inflation has fallen sharply, increasing the chances of a big interest rates cut next week.

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NZ Dollar Plummets To Fresh Multi-Month Low

posted by strawberry 1222 days ago in NZD, Fundamental made popular 1222 days ago

Tuesday, the New Zealand dollar plummeted to a fresh multi-month low against the Australian dollar after a government report said that consumer prices in New Zealand declined in the fourth quarter of 2008, fueling expectations that the Reserve Ba

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N.Z. Dollar Falls After Inflation Data; AUD Drops

posted by chuzzle 1222 days ago in NZD, Fundamental, Inflation made popular 1222 days ago

The New Zealand dollar approached a six-week low after a government report showed consumer prices fell last quarter, giving the central bank more room to cut interest rates to a record low next week.

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Australia, N.Z. Dollars Near 1-Week High Versus Yen

posted by milkyway 1223 days ago in JPY, AUD, NZD made popular 1223 days ago

The Australian and New Zealand dollars advanced to the highest in a week against the yen as equities gained on speculation that the U.S. will expand plans to aid the financial system.

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Recession is the big issue on Key's mind

posted by sassygirl 1224 days ago in NZD, Fundamental, Inflation made popular 1224 days ago

Recession? What recession? With the country still mostly in a holiday mood it doesn't seem to have sunk in that this year is going to be a really tough one.

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Harder times in job market

posted by sassygirl 1224 days ago in NZD, Employment made popular 1224 days ago

It's shaping up to be a tough year for Kiwi workers as the New Zealand job market continues to weaken during the global financial crisis.

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New Zealand: Dim outlook may worsen - Treasury

posted by 1225 days ago in NZD, GDP made popular 1225 days ago | admin links Edit

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The Treasury has "deep concern" about the rapid slowing in world trade and says the "downside" scenario on which the New Zealand economy is tracking could deteriorate even more.

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N.Z. Wool Exports May Plunge to 59-Year Low on Flock Decline

posted by chloegurl 1226 days ago in NZD, Fundamental, Manufacturing made popular 1226 days ago

New Zealand’s wool exports, the world’s second-largest after Australia, may fall to the lowest in 59 years after drought accelerated the decline in sheep numbers and plunging prices prompted farmers to hold back fiber.

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N.Z. Dollar Volatility Reaches Two-Month High as Risks Rise

posted by chloegurl 1226 days ago in NZD, Fundamental made popular 1226 days ago

New Zealand dollar volatility touched the highest level in almost two months amid concern a weakening global economy will damp investor demand for the country’s exports.

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New Zealand's PM Sees Higher Unemployment, No Growth in 2009

posted by newsinabox 1227 days ago in NZD, Fundamental, Housing made popular 1226 days ago

Thursday, New Zealand's Prime Minister John Key said the economy is not expected to grow in 2009 as weak global demand hit exports. He noted that unemployment is likely to increase sharply in the coming days as companies cut jobs to survive in th

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