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Acquitted broker free to return to the quiet life
Currency trader came to New Zealand for a change of pace, but rate-rigging claims followed him.
Currency trader came to New Zealand for a change of pace, but rate-rigging claims followed him.
The New Zealand dollar is heading for a 1 per cent gain against the greenback this week as commodity currencies came back into favour on the prospect of further stimulus in Europe and a rebound in oil prices.
Eleven major banks say they have tested a system that could make trading much faster and cheaper, using the technology that underpins crypto-currency bitcoin.
The New Zealand dollar rose as oil prices gained from a 12-year low and Chinese stocks gained in afternoon trading.
The New Zealand dollar fell as commodity prices sank on concern about weaker demand from China, the world's second-largest economy.
Burgernomics suggests value of Kiwi dollar is too low but exporters will likely disagree.
Should forecasters and policymakers look to speculative markets as indicators regarding future prospects?
The Kiwi dollar has started the new year weaker as concerns about the Chinese economy and heightened tensions in the Middle East prompted investors to sell higher risk assets.
Stock markets fall sharply and billions are wiped off leading companies as investors get nervous over China slump and tensions in the Middle East.
The Australian and Kiwi dollars have gone from the worst performers among major peers to the best as traders.
The Kiwi dollar touched a six-month high against the GBP as investors push out expectations for a hike in UK interest rates.
The kiwi reached 68.36 US cents overnight, touching a two-month high.
The US Federal Reserve's first interest rate hike in almost a decade is unlikely to derail equity markets, say market analysts.
Kiwi mortgage holders may see an increase in longer fixed term rates over the coming weeks after the US Federal Reserve lift rates this morning.
Understanding what the Fed is, and why the Fed does what it does, can be pretty complex. Here's what you need to know.