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..Australia Inflation Cools, Removes Rate Danger
Australian consumer prices rose by much less than expected last quarter while core inflation slowed to it lowest in over three years, all but ruling out the need for a rise in interest rates next week. Click here to read the full story
Read more..Dollar Outlook: Kiwi may gain as rate decision looms
The New Zealand dollar may advance as traders eschew an out-of-favour greenback and seek growth assets Downunder, where central banks stand ready to raise interest rates and widen the gap with America’s record-low benchmark.The… Click here to read the full story
Read more..Dollar Outlook: Kiwi may gain as rate decision looms
The New Zealand dollar may advance as traders eschew an out-of-favour greenback and seek growth assets Downunder, where central banks stand ready to raise interest rates and widen the gap with America’s record-low benchmark.The… Click here to read the full story
Read more..Dollar Outlook: Kiwi may gain as rate decision looms
The New Zealand dollar may advance as traders eschew an out-of-favour greenback and seek growth assets Downunder, where central banks stand ready to raise interest rates and widen the gap with America’s record-low benchmark.The… Click here to read the full story
Read more..South Korea Shocks By Lifting Rates from Record Low
The Bank of Korea raised interest rates on Friday for the first time since the outbreak of the financial crisis, in a sign it was more concerned about inflation risks at home than doubts about the global economic recovery. Click here to read the full story
Read more..ECB Holds Rates, Cautiously Upbeat on Recovery
ECB President Jean-Claude Trichet took a cautiously confident view of the euro zone’s recovery from crisis on Thursday after the bank held interest rates at a record low. Click here to read the full story
Read more..Australia Jobs Surge in June, Reviving Risk of Rising Rates
Australian employment blew past all expectations with a rise of 45,900 in June, providing a timely boost to household incomes and spending amid global gloom while reviving the risk of a further rise in interest rates. Click here to read the full story
Read more..Currency: Dollar boosted by stronger Aussie
The New Zealand dollar jumped near the day’s end on the back of a Reserve Bank of Australia decision to keep interest rates steady across the Tasman.The kiwi had weakened slightly in quiet trading with markets in the United States… Click here to read the full story
Read more..NZ sharemarket gets late boost
New Zealand shares posted a last-minute surge today after the Reserve Bank of Australia left interest rates steady, having spent almost all the session in the red.The benchmark NZX-50 index closed up 5.06 points at 2952.40, after… Click here to read the full story
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