| Inflation now 1.8pc - lower food prices offset tobacco hike The consumers price index (CPI) rose 0.3 per cent for the June 2010 quarter, Statistics New Zealand said today, which means annual inflation is now running at 1.8 per cent.This morning's inflation numbers are slightly lower than... nzherald.co.nz |
NZ dollar falls after OCR hiked The New Zealand dollar fell sharply on a day the Reserve Bank of New Zealand (RBNZ) hiked the official cash rate (OCR) by 25 basis points to 3 per cent.This is the opposite to what usually happens but investors opted to take more... nzherald.co.nz |
FX OUTLOOK-Mixed U.S. data to keep dollar down vs yen [at Reuters] - * Yen likely to rise vs dollar on uncertain US outlook * Euro upside limited, but Australian dollar looks better By Steven C. Johnson us.rd.yahoo.com |
US stocks waver as traders move into Treasurys, gold NEW YORK - Traders put their September stock rally on hold and moved into Treasurys and gold overnight, a day after the Federal Reserve said it was ready to take more action to boost the economy.The Dow Jones industrial average... nzherald.co.nz |
Strength in emerging economies raises world trade fears China and other emerging nations are lifting the global economy, but their strength threatens to come at the expense of the United States and Europe.The emerging countries are benefiting from low-priced exports fuelled by artificially... nzherald.co.nz |