$NZ fluctuates
PA Wellington The New Zealand dollar traded wildly in a 1.5 c (U.S.) range on the the foreign exchange market yesterday. It fell as low as $U50.5055, then traded to a high of $U50.5200, before settling to close in the middle ground at $U50.5140/ 60. One dealer said that, while sentiment was still “bullish,” there was widespread panic, with people taking profits “rather read-
ily” at SUSO.SIBO. At one stage there was a 60-point spread between the buy and sell figures. There had been active two-way business from importers and exporters. While the market saw a re-emergence of two-way corporate business, there was still off-shore interest. At 4.35 p.m., the New Zealand dollar was worth 51.5 c US, 73.2 c Australian, 36.6 p, 123.2 yen and 1.47 marks.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19850727.2.112.4
Bibliographic details
Press, 27 July 1985, Page 21
Word Count
130$NZ fluctuates Press, 27 July 1985, Page 21
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in