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NZ dollar heads for 2.4 percent weekly fall as trans-Tasman currencies fall from favour
By Paul McBeth June 7 (BusinessDesk) - The New Zealand dollar is heading for a 2.4 percent weekly drop as the trans-Tasman currencies fall out of favour amid growing signs of a slow-down in Australia and speculation the US Federal Reserve will pull back on printing money. The...
Dunne quits as Revenue Minister after GCSB leak probe shows trail of emails
June 7 (BusinessDesk) – Peter Dunne has quit as Minister of Revenue after an investigation into the leaking of a report on the Government Communications Security Bureau pointed to a series of emails between him and the journalist who got the material. Dunne refused to hand over...
RBNZ’s high kiwi-hot housing dilemma still in place for next week’s MPS
By Jonathan Underhill June 7 (BusinessDesk) – Reserve Bank governor Graeme Wheeler faces the same tensions between a high kiwi dollar and a heated housing market that have informed his monetary policy decisions all year and no change is likely at next week’s review as inflation...
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