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NZ dollar drops to two-month low against Aussie ahead of RBA minutes
By Tina Morrison April 15 (BusinessDesk) – The New Zealand dollar dropped to a two-month low against the Australian currency ahead of today’s release of the Reserve Bank of Australia’s minutes of its meeting this month which is expected to confirm positive sentiment about the e...
MARKET CLOSE NZ stocks fall with global tech rout; Pacific Edge, Xero, Diligent drop
By Suze Metherell April 14 (BusinessDesk) – New Zealand shares followed Wall Street lower as investors question whether tech and high-growth companies can deliver the earnings growth implied by their valuations. Pacific Edge led the NZX 50 Index lower, while Xero and Diligent Bo...
NZ dollar holds gains as Yellen appearances stoke expectations of more on US rates
April 14 (BusinessDesk) – The New Zealand dollar held its gains of last week against the greenback before public statements by Federal Reserve chair Janet Yellen amid speculation she may clarify the central bank’s view on the start of any interest rate hikes in the US. The kiwi...