NZ dollar gains on the greenback
INVESTORS are revisiting their bets on when the US Federal Reserve will raise interest rates on the back of news the US economy is ready for a hike.
THE New Zealand dollar is heading for a 3.7 per cent gain this week as investors reassess their bets on when the Federal Reserve will start hiking interest rates, and calmer global markets stoke demand for riskier assets such as equities and commodities.
THE kiwi rose to 66.74 US cents at 5pm in Wellington from 64.34 cents on Friday in New York last week.
Bad news for home buyers after rate cut
The Australian housing market has surged to a new record on the back of interest rate cuts, completely reversing a soft start to the year.
Star Entertainment enters into trading halt
The embattled Star Entertainment Group has failed to lodge its half-yearly results with the ASX.
Millions of Aussies to get rate cut today
Rate relief for millions of Australians starts on Friday as the first of the big four banks finally pass on the RBA’s rate cut to mortgage holders.