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NZ dollar drops to 2-month low vs. A$ after RBA drops easing bias
By Paul McBeth Feb. 4 (BusinessDesk) - The New Zealand dollar fell to a two-month low against its trans-Tasman counterpart after the Reserve Bank of Australia moved away from further rate cuts after inflation came in higher than expected and Australian consumer spending shows si...
Australian central bank drops reference to ‘policy adjustments,’ signals steady rates
Feb. 4 (BusinessDesk) – The Reserve Bank of Australia kept its benchmark interest rate at a record low 2.5 percent and dropped its reference to policy adjustments in favour of stability, a move seen as code for an end to its easing bias that sent its currency up about 1 US cent....
Canterbury overtakes Auckland median income despite quakes, census shows
By Pattrick Smellie Feb. 4 (BusinessDesk) – Personal income statistics from the 2013 national census show the annual median income in Canterbury was the second highest in the country, overtaking Auckland since the last census in 2006, in a trend that appears to reflect strong d...
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