NZ dollar remains in tight range, focus on FOMC
By Rebecca Howard March 20 (BusinessDesk) - The New Zealand dollar remained in a tight range ahead of tomorrow's Federal Reserve’Open Market Committee decision but was supported by a lift in dairy auction prices overnight. The kiwi traded at 68.57 US cents at 7:45am in Well...
Government suspends negotiations to conclude financing arrangement for Westland
By Rebecca Howard March 19 (BusinessDesk) - The government has suspended negotiations with Westland Cooperative Dairy Company to conclude financing arrangements for a $10 million loan after news the dairy company had reached a conditional agreement to sell the cooperative to I...
Consumer confidence slips, weighed by economic growth worries
By Rebecca Howard March 19 (BusinessDesk) - Consumer confidence reversed last quarter's rise as the economy shows signs of slowing, the latest Westpac McDermott Miller survey shows. The consumer confidence index fell 5.3 points to 103.8, below the long-run average of 111.2....
NZ dollar rangebound as Brexit worries weigh, eyes on US Fed
By Rebecca Howard March 19 (BusinessDesk) - The New Zealand dollar was slightly weaker against the greenback but stuck in a tight range amid more Brexit turmoil and as markets await direction from the US Federal Reserve later this week. The kiwi was trading at 68.49 US cent...
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