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NZ dollar gains from 4-week low spurred by 'dovish' RBNZ as US stocks drop, volatility increases
By Jonathan Underhill Feb. 9 (BusinessDesk) - The New Zealand dollar gained from a four-week low reached yesterday in the wake of a Reserve Bank statement seen by some as dovish and traders expect more volatility as US stocks extend their decline and bond yields rose. The k...
NZ property value gains slow in January, growth anticipated in 2018
By Sophie Boot Feb. 9 (BusinessDesk) - New Zealand property values rose at a slower annual pace in January but are expected to pick up in the coming months, says state-owned valuer Quotable Value. Property values rose 6.4 percent on the QV house price index from January 201...
While you were sleeping: Equities, Treasuries slide as volatility returns
By Margreet Dietz Feb. 9 (BusinessDesk) - Equities on both sides of the Atlantic declined, as did government bonds, while commodities including oil, gold and copper also slid amid concern about higher interest rates. Volatility returned to skittish financial markets as inv...