| Signs of US weakness hits world markets overnight Stocks in Europe and the US fell after worse-than-expected US economic data bolstered concern about growth.An unexpected decline in US regional factory activity and a third straight month of decline in US producer prices hurt... nzherald.co.nz |
NZ dollar tumbles despite interest rates hike The New Zealand dollar tumbled after Reserve Bank Governor Alan Bollard said interest rate increases will be more moderate than he had previously flagged and said the currency's strength is inconsistent with the weaker economic outlook.Bollard... nzherald.co.nz |
Dollar edges up, bonds stay down after inventories [at MarketWatch] - Treasury prices stayed lower and the dollar extended gains slightly against the Japanese yen on Friday after a report showed U.S. wholesale inventories rose 1.3% in July. The dollar rose to buy 84.27 yen , up from ¥83.83 on Thursday. us.rd.yahoo.com |
Yen s dip hints at intervention [at Financial Times] - A short and sharp drop in the yen caused excitement in currency markets, driving intense speculation that the finance ministry had once more intervened to weaken the currency. us.rd.yahoo.com |
NZ dollar tops US75c as weak US jobs data adds to greenback's woes The New Zealand dollar rose above 75 US cents overnight for the first time since October 2009 after weak American jobs data spurred speculation the Federal Reserve will print more money next month.Investors' appetite for the greenback... nzherald.co.nz |