NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Home / Business / Markets / Currency

NZ dollar dips below 71 US cents

BusinessDesk
28 Jul, 2016 08:56 PM2 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

The trade-weighted index rose as high as 78 and was at 77.90 at 8am in Wellington from 77.59 last week.  Photo/Getty
The trade-weighted index rose as high as 78 and was at 77.90 at 8am in Wellington from 77.59 last week. Photo/Getty

The trade-weighted index rose as high as 78 and was at 77.90 at 8am in Wellington from 77.59 last week. Photo/Getty

The New Zealand dollar slipped below 71 US cents as investors prepare for the Bank of Japan's policy review today which is expected to inject even more stimulus into the world's third-biggest economy.

The kiwi fell to 70.77 US cents from 71.11 cents late yesterday and was little changed at 74.53 yen from 74.50 yen.

Bank of Japan governor Haruhiko Kuroda is expected to deliver more stimulus to the Japanese economy at the conclusion of the bank's policy meeting today, adding to the government's 28 trillion yen fiscal package announced this week. Japanese policy-makers have been trying to invigorate the economy, although Kuroda has rejected the prospect of using 'helicopter money', where the central bank directly funds the government.

"Expectations are widespread that the BoJ will deliver a reasonably comprehensive easing, possibly including additional rate cuts and more QE," ANZ Bank New Zealand chief economist Cameron Bagrie said in a note. " A higher USD/JPY overnight shows that markets are looking for something big and bold."

See live rates for the NZ-US $ below. Click for more information:

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

The Bank of Japan policy review follows one from the Federal Reserve, which said near-term risks to the US economic outlook had diminished and the labour market had improved, suggesting it will raise rates later this year. Still, markets took the message that the Fed isn't in a rush to hike rates, which meant the kiwi dollar remained well supported, with expectations that New Zealand's looming rate cuts won't be deep enough to diminish the appeal of the yield on offer.

ANZ's Bagrie said looser monetary policy in New Zealand only "knocks off the topside" and that "until we see the tenor of the data turn or something major offshore, the NZD will remain elevated."

The local currency slipped to 94.27 Australian cents from 94.42 cents yesterday and fell to 4.7089 Chinese yuan from 4.7366 yuan. It dropped to 63.89 euro cents from 64.25 cents yesterday and decreased to 53.76 British pence from 53.93 pence. The trade-weighted index declined to 75.71 from 76.02 yesterday.

Advertisement
Advertise with NZME.

Discover more

Currency

NZ dollar jumps above 72 USc as Brexit prospect dims

23 Jun 08:33 PM
Currency

Kiwi dollar up - then falls as Brexit votes tallied

23 Jun 11:49 PM
Companies

NZ dollar hits 3-year high against pound

27 Jun 08:38 PM
Companies

NZ dollar takes a breather after Brexit volatility

28 Jun 08:34 PM
Save

    Share this article

Latest from Currency

Premium
Currency

Kiwi dollar rises 7.5% as US dollar wanes under global shifts

Premium
Currency

RBNZ makes whopper currency trade to boost crisis-time firepower

Premium
AnalysisJenée Tibshraeny

Jenée Tibshraeny: How US indebtedness is trimming Trump's wings


Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

Advertisement
Advertise with NZME.

Recommended for you

All Blacks v France third test: All you need to know
All Blacks

All Blacks v France third test: All you need to know

CEO caught in ‘affair’ at Coldplay concert under investigation
World

CEO caught in ‘affair’ at Coldplay concert under investigation

UK sanctions 18 spies in largest move against Russian intelligence
World

UK sanctions 18 spies in largest move against Russian intelligence

Afternoon quiz: Which author wrote the novel The Great Gatsby?
New Zealand

Afternoon quiz: Which author wrote the novel The Great Gatsby?

Watch: Waikato jockey's mates ride pull wheelies on motorway
New Zealand

Watch: Waikato jockey's mates ride pull wheelies on motorway

Three teenagers die in head-on collision in northern Queensland
World

Three teenagers die in head-on collision in northern Queensland



Latest from Currency

Premium
Premium
Kiwi dollar rises 7.5% as US dollar wanes under global shifts
Currency

Kiwi dollar rises 7.5% as US dollar wanes under global shifts

Concerns about the US dollar have seen other currencies gain, including the NZ dollar.

18 Jun 03:59 AM
Premium
Premium
RBNZ makes whopper currency trade to boost crisis-time firepower
Currency

RBNZ makes whopper currency trade to boost crisis-time firepower

29 Apr 05:00 PM
Premium
Premium
Jenée Tibshraeny: How US indebtedness is trimming Trump's wings
Jenée Tibshraeny
AnalysisJenée Tibshraeny

Jenée Tibshraeny: How US indebtedness is trimming Trump's wings

27 Apr 02:00 AM


Solar bat monitors uncover secrets of Auckland’s night sky
Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

06 Jul 09:47 PM

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP
search by queryly Advanced Search