Joyce, Spencer sign unchanged policy targets to cover transition after Wheeler departs
By Jonathan Underhill June 7 (BusinessDesk) - Finance Minister Steven Joyce and deputy Reserve Bank governor Grant Spencer have signed an unchanged policy targets agreement to cover the six-month transition after governor Graeme Wheeler departs on Sept. 26. Spencer has been...
NZ dollar rises above 72 US cts for first time in 3 months on local growth story
By Jonathan Underhill June 7 (BusinessDesk) - The New Zealand dollar rose above 72 US cents for the first time since the beginning of March as the nation's relatively robust economic growth story lifted sentiment. The kiwi rose to 71.87 US cents as at 8am in Wellington, and...
Auckland average house price rises 2.8% in May from April as sales, listings rise
By Jonathan Underhill June 6 (BusinessDesk) - Auckland's average house price rose in May from April, while sales and new listings jumped although they are still below the levels of May 2016, says realtor Barfoot & Thompson. There were 886 sales in May, up from 664 sales in...
NZ dollar rises to 3-month high as weaker US jobs data weighs on greenback
By Jonathan Underhill June 6 (BusinessDesk) - The New Zealand dollar rose to its highest level in about three months after surprisingly weak US employment data on Friday sent the greenback lower and raised doubts about any further Federal Reserve rate hikes after the one expec...
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