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NZ dollar falls to 7-month low after Fed raises forecast for 2015 rates
By Tina Morrison Sept. 18 (BusinessDesk) - The New Zealand dollar dropped to a seven-month low after the Federal Reserve raised its expectation for the level of interest rates by the end of next year, boosting the lure of the greenback. The kiwi touched 80.73 US cents, and...
While you were sleeping: Stocks, greenback rise on Fed
By Margreet Dietz Sept. 18 (BusinessDesk) - Wall Street advanced, as did the US dollar, after Federal Reserve policy makers kept their pledge to maintain interest rates near zero for a “considerable time” after the end of its monthly bond-buying program. "'Considerable time...
MARKET CLOSE: NZ shares fall as Spark drops ahead of Fed meeting
By Suze Metherell Sept. 17 (BusinessDesk) - New Zealand shares fell, paced by Spark New Zealand, as offshore investors sold yield stocks on the prospect the US Federal Reserve may start hiking rates sooner than anticipated, and increasing the returns on offer in the world's bi...
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