A sustainable growth outlook in New Zealand and a drop in confidence in Australia are igniting talks of parity for the countries' currencies, says Bill English, deputy prime minister & minister of finance of New Zealand.
The dollar traded lower across the board after an earlier rebound versus the euro amid the ECB's reiteration of its dovish stance on monetary policy.
One closely-watched financial analyst has launched a scathing attack on the country's finances and predicted another crisis for its currency.
The dollar tumbled after five straight days of gains, as investors took advantage of weaker-than-expected retail sales to lighten hefty positions.
The dollar rose against the euro in a continuation of last week's bets that the Fed will hike interest rates in the coming months.
The euro slumped for a fifth straight session against the dollar on Friday to a 3-1/2 week low as falling European interest rates.
Chris Tedder, research analyst at FOREX.com, explains why the New Zealand dollar will move past parity against the Australian dollar "sooner rather than later."
Ray Attrill, co-Head of FX Strategy at National Australia Bank, says the kiwi dollar will likely trade just shy of parity with the Aussie dollar. Even if parity is reached, it won't be sustainable.
A weaker Australian dollar against the kiwi dollar could slow investment opportunities and tourism income, says John Key, prime minister of New Zealand.
The dollar traded higher on Wednesday after the release of the Federal Reserve's FOMC meeting minutes.
The greenback recovered as trading desks returned to full strength and underlying trends for its continued rise reappeared.
The dollar cut early losses but continued to feel the carry-over effects of a disappointing U.S. jobs report from Friday.
The dollar fell for a second straight day, as investors pared back hefty positions ahead of a U.S. non-farm payrolls report.
The dollar fell at the start of the second quarter on disappointing data on U.S. manufacturing and jobs growth.
The sharp decline in the Russian ruble against the dollar caused high-end residential rental prices in Moscow to tank some 16 percent last year.
The euro fell against the dollar on Tuesday, leaving the single currency on track for its worst quarter ever.
The euro is seen clocking up its biggest quarterly decline at the end of March since its launch in 1999 — and could fall even further over the coming months.
The euro slumped against the dollar on worries over whether Greece would secure aid before it runs out of cash in three weeks.
The U.S. dollar edged lower against a basket of major currencies on Friday after comments from Federal Reserve Chair Janet Yellen.
The dollar was on track for its biggest one-day gain against the euro in a week on Thursday after traders reestablished bullish bets on the greenback.