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NZ dollar gains as US bond yields come off the boil
By Paul McBeth Oct. 10 (BusinessDesk) - The New Zealand dollar edged up after Dallas Federal Reserve President Robert Kaplan noted the need for caution about the pace of interest rate increases and US bond yields reversed some of their recent gains. The kiwi increased to 64...
MARKET CLOSE: NZ shares fall for 7th day as US bond yields hold sway
By Paul McBeth Oct. 9 (BusinessDesk) - New Zealand shares fell for a seventh day. Rising US bond yields kept a lid on equity markets across Asia, weighing on growth-orientated stocks such as A2 Milk Co and Pushpay Holdings. The S&P/NZX 50 index dropped 77.12 points, or 0.8...
NZ dollar eased against the Aussie after IMF lifts 2018 growth forecast
By Rebecca Howard Oct. 9 (BusinessDesk) - The New Zealand dollar eased against the Aussie after the International Monetary Fund lifted its 2018 economic growth forecast for Australia while lowering its global expectations. The kiwi traded at 90.95 Australian cents at 5pm in...
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