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NZ dollar falls after Spain's PM says bailout not imminent
By Hannah Lynch Oct. 3 (BusinessDesk) - The New Zealand dollar fell along with equity markets after Spanish Prime Minister Mariano Rajoy said he has no immediate plans to request a bailout, quelling speculation that a request was near. The New Zealand dollar rose as high as 83....
Dairy prices fall 0.9 percent , snapping four straight gains, in GDT auction
Oct. 3 (BusinessDesk) - Dairy prices fell 0.9 percent, snapping a run of four gains, in the latest GlobalDairyTrade auction, led by declines in high-value rennet casein, cheddar and anhydrous milk fat. The GDT-TWI Price Index fell to an average winning price of US$3,285 per me...
RBA cuts key rate a quarter point to 3.25 percent; kiwi jumps vs. Australian dollar
Oct. 2 (BusinessDesk) - The Reserve Bank of Australia cuts its key interest rate, citing weaker commodity prices in a global market where the outlook for economic growth “has softened”. The Australian dollar dropped against the greenback and the New Zealand dollar. “The outloo...
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