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NZ dollar falls as greenback rises
The kiwi fell against a resurgent greenback after Federal Reserve chair Janet Yellen said the case has grown for a hike in US interest rates.
The kiwi fell against a resurgent greenback after Federal Reserve chair Janet Yellen said the case has grown for a hike in US interest rates.
The earthquake will put pressure on the construction sector and could bring further interest rate cuts, says the ASB.
COMMENT: If Trump carries out his trade and defence threats, NZ would face the risk of slower global economic growth, higher interest rates and fewer capital flows.
Trump's presidential victory has tossed new uncertainties into the carefully crafted plans of the US Federal Reserve.
WATCH: Donald Trump is set to have a profound effect on the mortgage rates of New Zealanders.
The US election result could soothe or shock Kiwi investors and businesses.
COMMENT: With the US election race so tight we don't know what kind of world we will be wake up to on Thursday.
COMMENT: This week's jobs figures look fantastic, but they disguise flat real GDP per hour worked and an essentially stagnant economy.
A Donald Trump win in next week's US presidential election would be bad news for the New Zealand economy, say ASB economists.
Bill English announced a bigger surplus than expected as a growing economy underpinned by population delivered a bigger tax take than anticipated.
The New Zealand dollar fell to a two-month low as investors see a likely win by Hillary Clinton in the US presidential campaign.
The kiwi rose to 57.78 British pence at 8:30am in Wellington from 57.56 pence.
Bad news for those with a mortgage, but good news for depositers.
Property values in Tauranga have risen 28.1 per cent year on year.
John Key has signalled a rapid and unexpected rise in interest rates and "something big that happens internationally" as the biggest threats to the NZ economy.
The New Zealand dollar rose as the nation's relatively robust economy and relatively high interest rates made it a standout as risk appetite abates ahead of today's US presidential debate.
US stocks and longer-dated debt rose, while the greenback weakened.
WATCH: In an exclusive interview S&P chief economist Paul Sheard talks about weird times in world finance - and how NZ is looking.
An analyst says it's "safe to assume" the average Auckland house price will pass $1 million this month.
Global ratings agency S&P says New Zealand's rapidly rising house prices are cranking up economic risks.
US Treasuries rose while Wall Street fluctuated, paring earlier losses, after minutes from the Federal Reserve meeting.
COMMENT: Low inflation, low wage growth is creating asset bubbles, exacerbating inequality and driving instability, writes Liam Dann.
COMMENT: There is little NZ can do about high dollar or inflation.
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.
Labour has called for an urgent review of monetary policy - saying the reaction to today's rates cut shows change is needed.
The kiwi dollar tops 72 US cents ahead of the interest rate call by Reserve Bank governor Graeme Wheeler
Better-than-expected earnings such as from Bank of America as well as a US$45 billion tech deal helped bolster equities on both sides of the Atlantic.
How do we prepare our kids to face a world of easy credit, consumerism and high cost housing?