Kiwi steady: gold takes $Aust down
PA Wellington The New Zealand dollar traded in a 22-point range in Wellington yesterday. Opening at U561.50/60C, the kiwi dollar closed at 61.44/54C, after a traded high of 61.52 c and a low of 61.30 c. Friday’s meeting of the Group of Seven leading industrial nations which was expected to give currency markets some direction appeared to have no impact, dealers said. On the cross-rates at the close the kiwi dollar was worth Aust77.B3c, 1.16 Deutsche marks, 36.93 pence, 82.85 yen, and .9771 Swiss francs. The Reserve Bank tradeweighted index closed at 62.1 after opening at 62.0. It
reached Its closing fix by midday. It closed on Friday at 62.1. In Sydney yesterday, the Australian dollar fell below US7Bc in response to falling gold prices and pessimism about the August balance-of-payments details, which will be released tomorrow. At the close, the local currency was at U577.90/97C, weaker than the 78.10/15c opening and sharply down on its Friday close of 78.50/55c. The United States dollar firmed to 1.8807/17 Deutsche marks and 134.67/77 yen at the close on higher-than-ex-pected United States durable goods data. It had opened in Sydney at 1.8775/80 Deutsche marks and 134.55/65 yen.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19880927.2.113.3
Bibliographic details
Press, 27 September 1988, Page 28
Word Count
200Kiwi steady: gold takes $Aust down Press, 27 September 1988, Page 28
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.