![Wall St welcomes Fed confirmation of easing](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Wall St welcomes Fed confirmation of easing
Equities on Wall Street welcomed clarification about Federal Reserve policy makers' plans for further monetary easing to help propel US economic growth.
Equities on Wall Street welcomed clarification about Federal Reserve policy makers' plans for further monetary easing to help propel US economic growth.
The world must be patient with China...
The economic recovery is proving 'brittle, uncertain, and full of surprises', Reserve Bank Governor Alan Bollard says.
The New Zealand dollar held above 75 US cents as the greenback rallied after China boosted the level of cash that six of its biggest banks need to keep on hand.
The Kiwi dollar will likely extend its run higher this week as the Australian currency looks set to test parity with the greenback, dragging the kiwi along with it.
What happens if two countries cannot agree on the appropriate value for their mutual exchange rate? All sorts of accusations start to fly around.
The New Zealand dollar is nearing 75 US cents after share markets around the world rallied overnight.
The version of the free market we had wasn't really free or perfect.
The New Zealand dollar fell from a 10-month high as a pick-up in American housing data polished the appeal of the beaten-down greenback.