NZ dollar jumps to two-week high vs. British pound after BoE officials damp rate hike speculation
By Tina Morrison Nov. 25 (BusinessDesk) - The New Zealand dollar jumped to a two-week high against the British pound after Bank of England officials pointed to weakness in the UK economy, damping speculation the bank will raise interest rates soon. The kiwi touched 43.43 Br...
Cavalier expects annual earnings to rise following restructure
By Tina Morrison Nov. 24 (BusinessDesk) - Cavalier Corp expects annual earnings to rise this year as the New Zealand carpet maker restructures its business to boost profitability. Nor...
NZ dollar holds at 65 US cent 'Goldilocks' level in shortened holiday week
By Tina Morrison Nov. 24 (BusinessDesk) - The New Zealand dollar held around its 65 US cent support level overnight, heading into a shortened trading week when US markets will be on holiday. The kiwi was at 65.15 US cents at 8am in Wellington, from 65.14 cents at 5pm yester...
NZ Dollar Outlook: Kiwi faces volatile week heading into US holiday as key data looms
By Tina Morrison Nov. 23 (BusinessDesk) - The New Zealand dollar may be volatile this week amid lower liquidity during a holiday-shortened trading week in the US, and as investors look to upcoming data for signals on key interest rate reviews looming next month. The kiwi ma...
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