NZ dollar sustains rally on labour data ahead of Reserve Bank update
By Margreet Dietz Nov. 8 (BusinessDesk) - The New Zealand dollar climbed, sustaining its rally after yesterday's unemployment rate data eased bets the central bank will cut interest rates any time soon. The Reserve Bank is set to release its latest forecasts and policy stat...
NZX trading activity climbs in October
By Margreet Dietz Nov. 7 (BusinessDesk) - NZX trading activity rose in October, though the average on-market trade size slid as did the value of debt and equity transactions. The Wellington-based stock market operator last week announced a “refreshed” market structure and u...
NZ dollar firms ahead of labour market data, US midterm elections
By Margreet Dietz Nov. 7 (BusinessDesk) - The New Zealand dollar strengthened against the US dollar as investors eyed the latest domestic labour market data as well as the US congressional midterm elections. The kiwi traded at 66.69 US cents at 8.30am in Wellington versus 6...
Dairy product prices slide on outlook for whole milk powder supply
By Margreet Dietz Nov. 7 (BusinessDesk) - Dairy product prices slid at the Global Dairy Trade auction, led by a drop in whole milk powder as the outlook for ample supply weighed on demand. The GDT price index fell 2 percent from the previous auction three weeks ago. The ave...
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