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NZ dollar falls as strong US jobs data pares Fed rate-cut expectations
By Rebecca Howard July 8 (BusinessDesk) - The New Zealand dollar fell after stronger-than-expected US jobs data pared expectations of a hefty rate cut by the Federal Reserve this month. The kiwi was trading a 66.20 US cents at 7:50 am versus 66.27 late Friday in New York a...
MARKET CLOSE: NZ shares rise as Fonterra Fund recovers
By Paul McBeth July 5 (BusinessDesk) - New Zealand shares were led higher by a recovery in Fonterra Shareholders' Fund units after a sharp sell-off yesterday. Utilities and property investors remain in favour among investors wanting a decent yield. The S&P/NZX 50 Index ros...
NZ dollar headed for 0.5% weekly fall; US jobs data in focus
By Rebecca Howard July 5 (BusinessDesk) - The New Zealand dollar is headed for a 0.5 percent weekly fall as markets wait to see if US jobs data bolsters the case for a steeper July rate cut from the Federal Reserve. The kiwi was trading at 66.77 at 5:10pm versus 66.84 US ce...
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