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NZ dollar falls sharply after RBNZ announcement
The New Zealand dollar fell after the central bank dampened rate hike expectations and moved to jawbone the currency lower.
The New Zealand dollar fell after the central bank dampened rate hike expectations and moved to jawbone the currency lower.
New Zealand shares rose, with SkyCity Entertainment Group gaining following its first-half earnings while Tower soared 42 per cent on a takeover bid.
The dollar shed about half a US cent and swap rates fell after the Reserve Bank added a modest increase to its forecast track for interest rates.
Investors are weighing the impact of political uncertainty on both sides of the Atlantic on corporate profits.
New Zealand shares fell ahead of earnings season which begins tomorrow, with Metro Performance Glass and Fletcher Building down.
The New Zealand dollar fell ahead of the central bank's interest rate decision tomorrow and as the US dollar gained some traction in Asia.
A decline in energy stocks weighed on Wall Street, while investors digested comments about the potential for an interest rate increase next month.
New Zealand shares fell, led lower by Trade Me Group and Fisher & Paykel Healthcare Corp while Warehouse Group gained.
The New Zealand dollar rose after a central bank survey that showed inflation expectations are on the rise.
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Wall Street languished as concern about US President Donald Trump's protectionist stance weighed on optimism.
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New Zealand shares fell, with Fletcher Building and Freightways dropping, while A2 Milk Co gained on news a competitor may be taken over at a premium.
Under Armour's sales were once racing ahead at the speed of a sprinter, but the stock has plummeted 25 per cent on weak results.
The US dollar rose while Wall Street was mixed, with Apple shares rallying on its better-than-expected sales of its latest iPhone model.
New Zealand shares gained slightly, treading water ahead of an earnings season where analysts are expecting weaker growth. Port of Tauranga and Meridian Energy gained while Z Energy dropped.
Wall Street moved lower amid disappointing earnings forecasts and weaker-than-expected reports on US consumer confidence.
The New Zealand dollar gained as US President Donald Trump's latest policy decisions unsettled markets and weighed on the greenback.
New Zealand shares fell, joining a global selloff as US President Donald Trump spooked markets with his ad hoc policy decisions.
Equities slid on both sides of the Atlantic amid the uncertainty created by US President Donald Trump.