NZ dollar falls on news RBNZ is looking at "unconventional" policy
By Jenny Ruth July 23 (BusinessDesk) - The New Zealand dollar fell after the Reserve Bank released information showing it is at a "very early stage” in refreshing its “unconventional monetary policy strategy." The kiwi was trading at 67.31 US cents at 5pm in Wellington from...
NZ dollar rises, an outlier amid rising Gulf tensions
By Jenny Ruth July 22 (BusinessDesk) - The New Zealand dollar was firmer but well within its recent range as the market focuses on escalating tensions in the Middle East after Iran seized a British-flagged tanker. The kiwi was trading at 67.74 US cents at 5pm in Wellington...
NZ dollar headed for 1.3% weekly gain on expectations of a Fed rate cut
By Jenny Ruth July 19 (BusinessDesk) - The New Zealand dollar is heading for a gain of almost a US cent over the week amid expectations the Federal Reserve will cut interest rates at the end of the month. The kiwi was trading at 67.77 US cents at 5pm in Wellington from 67.8...
Ross McEwan to take helm at NAB
By Jenny Ruth July 19 (BusinessDesk) - New Zealander Ross McEwan has been appointed National Australia Bank’s new chief executive after holding that role at Royal Bank of Scotland since 2013. He will join fellow Kiwi and incoming NAB chair from November Philip Chronican who...
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