HOT TOPICS:   OCR  |  Mortgages   | NZ$                                                                        RESOURCES:    Economic calendar   |   Farms for sale

The comment stream

Recent comments

Reader poll

In your opinion, what's the last thing someone should borrow money to pay for?

Choices

Currencies news

Latest News

What happened Friday

Updated
A review of things you need to know before you go home on Friday; Housing consents disappoint but other construction booming, Co-op Bank knocked back, flush bank accounts, higher consumer debt

Gold price plunges, equities benefit

RBNZ sparks another NZD sell off with "unjustifiable and unsustainable" comments; gold and oil sold off; Equities up on better than expected US GDP reading

USD post-FOMC rally runs out of puff

US Q3 GDP comes in healthier than anticipated; German inflation numbers soft; next leg higher in the USD may come from release of Japanese data

90 seconds at 9 am: US grows strongly

US grows strongly in Q3; lowest jobless claims in 14 yrs; oil output surges to 30 yr high; banks back in firing line; Brazil raises rates, gold sinks; NZ$1 = US$0.785, TWI = 76.5

What happened Thursday

A review of things you need to know before you go home on Thursday; mortgage approvals rise, IAG gets dominance to pay, more RBNZ currency intervention, swap rates steepen, full replacement cover returns

RBNZ drops talk of future rate hikes

Updated
RBNZ drops comment on further rate hikes in dovish statement; warns again on high NZ$; currency and swaps fall further; economists react; Greens attack RBNZ

NZD opens sharply lower

US Fed eyes gathering steam in the US economy. Stocks and gold lower, oil prices higher

US Fed gives public vote of confidence in the US economy

NZD falls after FOMC statement. Attention now turns to RBNZ, and later to data on currency intervention signals

90 seconds at 9 am: US Fed ends QE

US Fed ends money printing, still holding US$3.6 tln; China to support six industries; stocks and gold fall; oil and UST 10yr yields rise; NZ$1 = US$0.786, TWI = 76.5

What happened Wednesday

A review of things you need to know before you go home on Wednesday; companies confident, more real estate agents, more water policy, Tesla's for the Govt?, Co-op Bank cuts rates

Currencies charts