NZ dollar, stocks show little sign of increased risk premium, as PM's job, finance post in play

Tue, 06 Dec 2016

By Jonathan Underhill Dec. 6 (BusinessDesk) - The New Zealand dollar has risen to its highest level this month and the benchmark stock index has gained from yesterday's close, suggesting little risk premium has been added for the resignation of Prime Minister John Key and the likelihood of a new finance minister should Bill English become PM. English says he won't be able to retain the portfolio if he's successful in his tilt to be New Zealand's next prime minister, meaning the country will also be greeting a new minister in charge of the...

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