NZ dollar gains after election result
The NZ dollar gained after the incumbent National Party's election victory, instilling confidence in the administration's ability to continue pursuing its policy programme.
The NZ dollar gained after the incumbent National Party's election victory, instilling confidence in the administration's ability to continue pursuing its policy programme.
The dollar advanced after the incumbent National Party won an outright election victory at the weekend, reassuring investors that current economic policies would continue.
Saudi Arabia will need to keep cutting oil output to sustain prices above $100 a barrel as global oil demand weakens, analysts say.
The NZ economy grew just ahead of expectations in the second three months of the year, with the fastest growth in the services sector for seven-and-a-half years.
The Kiwi dollar dropped to a seven-month low after the US Fed raised its expectation for the level of interest rates by the end of next year.
The gap between what New Zealand earns from the rest of the world through trade and investment and what it pays widened in the June quarter as falling dairy exports started to weigh on the trade balance.
Former Fonterra boss Andrew Ferrier has been appointed chairman of New Zealand software developer Orion Health
The dollar held below 82 US cents overnight after the Reserve Bank yesterday reiterated that is too high and signalled interest rates would remain on hold.
Interest rates have been held at 3.5pc as Graeme Wheeler signals he won't be as aggressive with future hikes.
New Zealanders are evenly divided about whether farmers are moving quickly enough to reduce their impact on the environment, a Herald DigiPoll survey shows.
Here we are again, hearts in our mouths, as we watch an international commodity slump knock the shine off New Zealand's economic recovery.
The NZ dollar rose to a six-week high against the euro after the European Central Bank unexpectedly cut its three key interest rates.
Butter futures reached an all-time high in Chicago as Americans' rising appetite for the fatty dairy spread erodes US inventories.
Dairy farmers in this country can expect to come under financial pressure if milk powder prices remain low and tensions in Europe continue to mount, say economists.