Do our banks need as much gold-plating as the Reserve Bank thinks?
By Jenny Ruth Jan. 7 (BusinessDesk) - Stress-testing banks has become de rigueur for central banks since the global financial crisis and New Zealand's banks have passed repeated tests over a number of years with flying colours. In addition, these days New Zealand's major ba...
New Zealand dollar treads water after wild swings
By Jenny Ruth Jan. 4 (BusinessDesk) - The New Zealand dollar is little changed as investors weigh recent extreme volatility and look for some direction from United States equities markets and US employment data due out overnight. The kiwi was trading at 67.02 US cents at 5p...
New Zealand dollar rallies as US stocks plunge sparks a USD sell-off
By Jenny Ruth Jan. 4 (BusinessDesk) - The New Zealand dollar rallied along with most other currencies as plunging stock markets in the United States spurred loss-covering sales of US dollar positions. The kiwi was trading at 66.98 US cents at 8.30am in Wellington from 66.24...
Flash crash takes the kiwi dollar on a roller-coaster ride
By Jenny Ruth Jan. 3 (BusinessDesk) - The New Zealand dollar was little changed at the end of a wild roller-coaster day driven by a “flash crash” on global currency markets that was probably caused by computer-driven trading in thin, holiday-dampened activity. Meanwhile, ov...
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