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NZ dollar eases from highs vs. pound, on TWI basis as data flow ebbs
Feb. 18 (BusinessDesk) – The New Zealand dollar fell from record highs on a trade-weighted basis and against the pound on speculation it may have run too hard after a string of strong economic figures. The kiwi dollar traded at 54.40 British pence, little changed from late New...
World Week Ahead More FX volatility ahead
By Margreet Dietz Feb. 18 (BusinessDesk) – Economic growth worldwide, deemed "still too weak", remained a key concern at a two-day meeting of Group of 20 finance ministers and central bank governors, which stopped short of asking countries to refrain from targeting exchange rat...
MARKET CLOSE NZ shares drop as investors raise cash for Auckland Airport selldown
Feb. 15 (BusinessDesk) – New Zealand shares dropped, led by Auckland International Airport as institutions sold shares to participate in the selldown of the nation’s busiest gateway. Hallenstein Glasson and Steel & Tube both gained after posting better earnings. The NZX 50 Inde...
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