NZ dollar tumbles despite interest rates hike
The New Zealand dollar tumbled after Reserve Bank Governor Alan Bollard said interest rate increases will be more moderate than he had previously flagged and said the currency’s strength is inconsistent with the weaker economic outlook.Bollard… Click here to read the full story
Read more..Asia Markets: Japan earnings likely to be brighter
Japanese shares trade broadly higher, ahead of what many believe will be a brighter round of earnings reports, with reports in the Japanese business daily Nikkei and analysts tipping higher earnings ahead for exporters as cost cuts largely offset the effects of a stronger currency. Click here to read the full story
Read more..Currencies: Dollar falls after housing data, Ireland downgrade
The dollar falls against the euro after a weak U.S. report on the housing sector weighs on the greenback and as the shared currency shrugs off a downgrade of Ireland’s credit rating. Click here to read the full story
Read more..Currencies: Dollar drops versus yen and euro after data
The dollar drops about 1% against the Japanese yen and remains lower versus the euro, though the shared currency slips after touching $1.30, as U.S. reports show a drop in consumer sentiment and minimal inflation pressures. Click here to read the full story
Read more..Currencies: Dollar hits two-month low as equities extend gains
The currency sustains broad losses as a firmer tone for U.S. and European equities robs the greenback of its safe-haven appeal. Click here to read the full story
Read more..Currency: NZ dollar drifts lower
The New Zealand dollar traded in a fairly narrow range today against a backdrop of settled equity markets as caution about the global economic outlook continued.By 5pm the NZ dollar had drifted lower to US69.18c from US69.33c… Click here to read the full story
Read more..Currency: NZ dollar drifts lower
The New Zealand dollar drifted lower today after tumbling on Thursday night when world stock markets and high-yielding currencies dropped as investors retreated from riskier assets.The NZ dollar was at US70.35c at 5pm from US70.85c… Click here to read the full story
Read more..Currency: NZ dollar mixed after GDP
The New Zealand dollar dipped briefly after gross domestic product data and was volatile after Australia’s ruling Labour Party dumped Kevin Rudd in favour of Julia Gillard.”Kiwi was volatile on the news of a new Australian prime… Click here to read the full story
Read more..China Punctures Yuan Euphoria, Gains to be Subtle
China is only three days into its new era of currency flexibility yet it has already succeeded in puncturing market hopes for a money-making surge in the yuan, leaving investors resigned to a glacial rise at best. Click here to read the full story
Read more..U.S. Shares Pull Back in Late Trading (at New York Times)
Stocks slumped after a surge inspired by China’s move to allow its currency to appreciate against the dollar. Click here to read the full story
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