![Kiwi little changed near 73 US](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Kiwi little changed near 73 US
The New Zealand dollar was little changed near 73 US cents after the minutes of the Federal Reserve's policy review.
The New Zealand dollar was little changed near 73 US cents after the minutes of the Federal Reserve's policy review.
US Treasuries gained, as did the price of oil, while the greenback weakened.
Glenn Stevens believes Australia needs to attract more foreign investment to build new businesses, while being cautious about existing assets.
WATCH: Liam Dann talks to Auckland University professor Prasanna Gai and Westpac economist Michael Gordon about rates.
New Zealand consumer confidence dipped in August with respondents expecting house price growth to slow.
The New Zealand dollar was little changed above 72 US cents after minutes of the Federal Reserve meeting.
The New Zealand dollar climbed after figures showed the US consumer price index was flat last month while the price of whole milk
The jobless rate has fallen to 5.1 per cent, says Statistics NZ.
NZX's first-half profit dropped 80 per cent on costs related to the ongoing Ralec litigation.
The New Zealand dollar gained along with other commodity-linked currencies as prices of raw materials rose and traders speculated
COMMENT: Low inflation, low wage growth is creating asset bubbles, exacerbating inequality and driving instability, writes Liam Dann.
BIG READ: Nearly two decades after the boom and bust of the dotcom bubble, tech stocks appear to be delivering on their promise.
The dollar gained with other commodity-linked currencies as a pickup in prices of raw materials boosted sentiment.
Wall Street touched intra-day record highs as equities are still considered the best bet for investors.
Investors who scored big gains by swooping in US equity selloffs are now backing away from the market.
The New Zealand dollar was little changed on a day that provided new information about the economy, kicking off a week that includes
Wall Street's losses were mitigated by continued gains in oil prices, the Nasdaq inched up for second record high.
Kiwis are opening their wallets with retail spending up for the June quarter, rising at the fastest pace in close to a decade.
COMMENT: There is little NZ can do about high dollar or inflation.
The New Zealand dollar fell back to where it was before yesterday's interest rate cut on expectations a strong currency will ensure
Wall Street rose to records as shares of Macy's and Kohl's rallied, while oil prices gained.
Reserve Bank Governor Graeme Wheeler talks to Liam Dann about the issues behind the rates cut decision.
The export sector's hopes for a lower exchange rate were dashed yesterday.
COMMENT: Despite a 0.25 cash rate cut to a record low of 2 per cent, our dollar shot up almost one US cent this morning.
New Zealand shares rose after the Reserve Bank cut interest rates, underlining the yield from companies such as Spark NZ, while Kathmandu
The kiwi jumped to a 15-month high after the Reserve Bank's quarter-point rate cut.
Kiwibank is cutting 0.20 percentage points off its floating rate mortgages, while ANZ, ASB and Westpac will shave a smaller amount.
Westpac has now joined ANZ bank and cut mortgage rates after the Reserve Bank dropped the OCR this morning.
Labour has called for an urgent review of monetary policy - saying the reaction to today's rates cut shows change is needed.