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Dollar bobbling around US70c level at local open
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The New Zealand dollar was bobbling around the US70c mark at 8am today, having dropped to about US69.65c a few hours earlier, its lowest point after tumbling yesterday on the Reserve Bank's no change scenario for interest rates.
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Banks want to lend more - Reserve Bank
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Banks seem keen to lend more to businesses and households but both sectors have became more cautious as they deal with fallout from the recession, Reserve Bank Governor Alan Bollard told MPs today.
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Solid demand for Kiwi
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There was solid demand for the New Zealand dollar ahead of the morning's monetary policy statement by the Reserve Bank of New Zealand.
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NZ dollar regains lost ground
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The New Zealand dollar regained lost ground against the greenback and strengthened against the euro, as the European currency declined on concerns peripheral euro zone economies could face debt problems similar to those of Greece.
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