New Zealand Dollar News
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Updated 20 minutes ago
Australia’s dollar fell versus its U.S. counterpart for a second day amid prospects ebbing price pressures will allow Reserve Bank of Australia Governor Glenn Stevens to cut interest rates at a policy meeting tomorrow.
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The Australian dollar fell against its U.S. counterpart amid prospects that ebbing price pressures will allow Reserve Bank of Australia Governor Glenn Stevens to cut interest rates as soon as tomorrow’s policy meeting.
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The euro advanced for a third straight week against the dollar in the longest stretch of gains since June after European leaders agreed to a recapitalization of banks and voluntary losses for holders of Greek debt.
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The euro declined from almost a seven-week high against the dollar and yen as a rise in Italian borrowing costs raised concern European Union leaders haven’t done enough to stem the region’s debt crisis.
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The Australian dollar slipped from almost a two-month high against its U.S. counterpart as traders speculated that the South Pacific currency’s biggest advance in more than a year was too rapid.
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The Australian dollar rose to a seven-week high against the greenback after European leaders agreed on a plan to expand a bailout fund to stem the region’s debt crisis, supporting demand for higher-yielding currencies.
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The New Zealand dollar declined against its U.S. and Japanese peers as European leaders and banks failed to agree on bondholder losses as part of a second Greek bailout.
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The Australian dollar declined for a second day against its U.S. counterpart after a report showing slower growth in consumer prices fueled speculation that the Reserve Bank will cut interest rates.
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The New Zealand dollar declined against all of its 16 major peers after a report showed inflation slowed by more than economists forecast.
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U.S. stocks slid, halting a three- day rally, amid earnings and economic reports that disappointed investors and uncertainty over how much progress European leaders are making in debt-crisis talks. Treasuries rallied, while oil surged on signs of falling supplies.
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