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NZ dollar falls ahead of RBNZ governor’s speech on macro prudential policy
By Tina Morrison Aug. 20 (BusinessDesk) – The New Zealand dollar weakened in anticipation Reserve Bank governor Graeme Wheeler will detail imminent plans to limit low equity house lending, which may reduce the need for interest rate hikes. The kiwi fell to 80.64 US cents at 8a...
While you were sleeping Investors on Fed watch
By Margreet Dietz Aug 20 (BusinessDesk) - Equities and bonds fell as investors await signals from the US Federal Reserve, perhaps later this week, about plans to pare its bond-buying program. First, on Wednesday in the US, minutes of the latest Fed meeting, held July 30-31, wil...
MARKET CLOSE NZ shares fall as investors raise funds for Z; Trade Me, Fletcher drop
Aug. 19 (BusinessDesk) – New Zealand shares fell as some investors sold down their portfolios to raise fund for the Z Energy float and amid positioning ahead of earnings this week. Auction website Trade Me and Fletcher Building paced the decline. The NZX 50 Index fell 10.655 po...
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