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NZ dollar drops to 5-month low vs. yen after BoJ fails to announce new stimulus
By Tina Morrison June 12 (BusinessDesk) – The New Zealand dollar slid to its lowest in almost five months against the yen after the Bank of Japan quashed expectations of further stimulus measures which would have debased the Japanese currency. The kiwi dropped to 75.11 yen at a...
While you were sleeping Stimulus outlook sinks stocks
By Margreet Dietz June 12 (BusinessDesk) - Equities on Wall Street and in Europe fell as the Bank of Japan's decision to keep its monetary policy program unchanged disappointed those who had hoped for extra measures and underpinned concern the US Federal Reserve might taper its...
MARKET CLOSE NZ shares fall; Contact, Fletcher, Infratil down
June 11 (BusinessDesk) – New Zealand shares fell as offshore investors continued to be rattled by the falling kiwi dollar and lack of action from the Bank of Japan sent equity markets down across Asia. Contact Energy and Fletcher Building fell, and Infratil dropped to its lowest...
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