News

30
Apr

RBNZ Maintains Key Rate at 3.5%, Would Cut on Weaker Prices

New Zealand’s central bank said it will keep interest rates at a stimulatory level and would cut them if demand and prices weaken. The local dollar fell. “The bank expects to keep monetary policy stimulatory and is not currently considering any increase in interest rates,” Governor Graeme Wheeler said...

23
Apr

RBNZ Says Rates to Remain Stimulatory as Inflation Near Zero

New Zealand’s central bank ruled out interest-rate increases and said it would consider cutting borrowing costs if inflation pressures weaken further. The outlook for inflation is subdued and “suggests that monetary policy should remain stimulatory for a prolonged period,” Reserve Bank Assistant Governor John McDermott said in a speech...

21
Apr

RBA Says Household Rate Response Uncertain, Investment Weak

Australia’s central bank said households’ response to easy monetary policy was “unusually uncertain” and it saw an advantage in waiting for more economic data before deciding on further rate reductions. It also warned the nation’s business investment outlook could weaken. “Members considered that the current setting of monetary policy...

15
Apr

Aussie Dollar Falls as China Slowdown Adds to Iron-Ore Concern

Australia’s dollar fell as slowing growth in China, the biggest buyer of Australia’s iron-ore exports, threatens the South Pacific nation’s economy.Australia’s currency led declines among major peers after a report on Wednesday showed China’s economy last quarter expanded at the slowest pace since 2009 and industrial production missed even...

13
Apr

Aussie Drops Toward Six-Year Low as China Trade Slumps

Australia’s dollar fell, headed for its steepest drop versus the U.S. currency in three weeks, after China, its largest trading partner, reported a bigger-than-forecast decline in imports. The Aussie approached a six-year low versus the dollar and its New Zealand counterpart also tumbled after China’s exports also unexpectedly shrank,...

09
Apr

U.K. Trade Deficit Hits 7-Month High as Sales to U.S. Slump

Britain posted its widest trade deficit in seven months in February as sales to the U.S. and other countries outside the European Union declined sharply. The goods shortfall of 10.3 billion pounds ($15 billion) compared with an upwardly revised deficit of 9.2 billion pounds in January, the Office for...

07
Apr

Dollar Advances as Investors Look Beyond Dip in U.S. Jobs Report

The dollar strengthened against the euro, rebounding from last week’s losses, showing the U.S. currency has gotten over Friday’s worse-than-anticipated jobs report. The greenback also rose against the yen before the Federal Reserve on Wednesday publishes minutes of its last policy meeting. The currency fell versus 15 of its...

07
Apr

Euro Rises Fourth Day as Greek Officials Promise IMF Payment

The euro advanced for a fourth day after Greece pledged to make a payment to the International Monetary Fund this week.The shared currency climbed versus most of its major counterparts after Greece’s Finance Minister Yanis Varoufakis reiterated that the country will make the payment of about 450 million euros ($494 million)...