NZ dollar stuck in recent ranges as upbeat US data bolsters sentiment

Paul McBeth
Thu, 28 Nov 2019

The New Zealand dollar held to its recent trading ranges as stronger than expected US economic growth helped push stocks on Wall Street to a record. The kiwi dollar traded at 64.24 US cents at 8:10am in Wellington from 64.26 cents at 5pm yesterday. The trade-weighted index was at 71.25 points from 71.25 yesterday. Stocks on Wall Street extended gains into uncharted territory after US Commerce Department figures showed the US economy grew at a 2.1 percent annual pace in the September quarter, ahead of the 1.9 percent pace economists had pi...
Economy
UPDATE: RBNZ revs up the printing press, doesn't rule out negative rates
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(Updates to add comment from RBNZ governor and assistant governor)  The Reserve Bank kept the official cash rate at a record low 0.25 percent but expanded its large-scale asset purchase programme t...

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The Reserve Bank kept the official cash rate at a record low 0.25 percent but expanded its large-scale asset purchase programme to $100 billion and reiterated that negative interest rates and foreign...

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