Markets

MARKET CLOSE: Less gloomy outlook boosts kiwi; NZ shares rise

Dan Brunskill
Wed, 16 Sep 2020

The New Zealand dollar was stronger as local investors were buoyed by a less pessimistic outlook for the labour market in the Treasury's pre-election forecasts. The pre-election economic and fiscal update showed a less severe hit to the economy from the covid-19 pandemic in the short-term, although it projected a slower recovery in coming years. “The market appears to have fixated itself on the reduced unemployment rate forecast in that release,” said Mike Shirley, a senior trader at Kiwibank. “From a market perspective that is a n...

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Markets

MARKET CLOSE: Kiwi falls on economic concern

Dan Brunskill | Thu, 24 Sep 2020

The kiwi dollar sank to its lowest level since late August as the safe-haven US currency continued to attract buying amid a sustained equity sell-off due to fears of recession.

Policy

ELECTION 2020: Scared or excited about a Labour-Green govt?

Paul McBeth | Thu, 24 Sep 2020

Finance professionals have grown comfortable with Grant Robertson over the past three years. Will a new governing arrangement change that?

Law & Regulation

The FMA is running out of patience

Dan Brunskill | Thu, 24 Sep 2020

Financial services firms that keep failing compliance tests can expect to end up in court, says the FMA boss, Rob Everett.

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