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NZ dollar rises above 73 US cents as Fed meets, local data looms

NZ dollar rises above 73 US cents as Fed meets, local data looms

By Jonathan Underhill Sept. 20 (BusinessDesk) - The New Zealand dollar rose above 73 US cents as financial markets await the outcome of the Federal Reserve policy meeting tomorrow and ahead of local balance of payments and economic growth data in the next two days. The kiwi...

While you were sleeping: Dow ekes out record high

While you were sleeping: Dow ekes out record high

By Margreet Dietz Sept. 20 (BusinessDesk) - Wall Street inched higher, with the Dow reaching a fresh record, as the Federal Open Market Committee began its two-day meeting after which it is widely expected to announce a plan for the reduction of its balance sheet.  “People...

Margreet Dietz 19 Sep 2017
Dairy product prices rise, bolstered by whole milk powder

Dairy product prices rise, bolstered by whole milk powder

By Margreet Dietz Sept. 20 (BusinessDesk) - Dairy product prices rose at the Global Dairy Trade auction, increasing for the third time in seven auctions, amid stronger-than-expected demand for whole milk powder. The GDT price index rose 0.9 percent from the previous auction...

Margreet Dietz 19 Sep 2017