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While you were sleeping: US dollar weakens
By Margreet Dietz Nov. 24 (BusinessDesk) - European stocks were mixed while oil rose and the US dollar continued its decline as investors reassessed their expectations for the pace of Federal Reserve interest rate increases next year. US financial markets are closed for th...
MARKET CLOSE: NZ shares fall, led by A2, Kathmandu; Ryman, Stride gain after results
By Sophie Boot Nov. 23 (BusinessDesk) - New Zealand shares fell, led by A2 Milk and Kathmandu Holdings while Ryman Healthcare and Stride Property Group gained following their results. The S&P/NZX 50 Index fell 3.04 points, or 0.04 percent, to 8,101.95. Within the index, 22...
NZ dollar gains as dovish Fed raises questions over rate hikes
By Rebecca Howard Nov. 23 (BusinessDesk) - The New Zealand dollar gained as markets pared back expectations for US rate hikes next year after minutes to the Federal Reserve's last meeting raised concerns stubbornly low inflation may persist. The kiwi advanced to 68.76 US c...