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Dollar bobbling around US70c level at local open

Fri, 12 Mar 2010 08:48:00 +1300

The New Zealand dollar was bobbling around the US70c mark at 8am today, having dropped to about US69.65c a few hours earlier, its lowest point after tumbling yesterday on the Reserve Bank's no change scenario for interest rates.
Related Symbols: FOREX:NZDJPY, FOREX:NZDUSD

Warehouse shares up after half year result

Fri, 12 Mar 2010 10:36:00 +1300

Shares in The Warehouse were up 2 percent when the market opened today after the retailer announced a 17 percent rise in half year net profit to $57.4 million, although the company described the recovery in overall retail spending as "patchy".
Related Symbols: INDEX:COMP, INDEX:DJI, INDEX:SP500, NZX:CEN, NZX:FBU, NZX:SAN, NZX:SCT, NZX:TEL, NZX:WHS

Residential property sales nearer to normal: REINZ

Fri, 12 Mar 2010 15:22:00 +1300

Residential property sales last month were closer to 2009 levels after in January reaching their lowest level in nearly two decades, Real Estate Institute of New Zealand (REINZ) figures show.
Related Symbols: ASX:ANZ

NZ dollar drifts and ends around US70c level

Fri, 12 Mar 2010 17:48:00 +1300

The New Zealand dollar drifted lower for most of a quiet session but recovered to finish near where it started.
Related Symbols: FOREX:AUDUSD, FOREX:EURUSD, FOREX:NZDJPY, FOREX:NZDUSD

NZ sharemarket ends little changed again

Fri, 12 Mar 2010 18:22:00 +1300

The New Zealand sharemarket continued to reflect a patchy economy, ending today mixed on light volume.
Related Symbols: INDEX:COMP, INDEX:DJI, INDEX:SP500, NZX:AIA, NZX:BGR, NZX:CEN, NZX:CVT, NZX:FBU, NZX:MHI, NZX:NPX, NZX:PEB, NZX:PGC, NZX:PPL, NZX:RAK, NZX:RBC, NZX:SAM, NZX:SAN, NZX:SKC, NZX:TEL, NZX:TPW, NZX:WDT, NZX:WFD, NZX:WHS

Reserve Bank keeps on same track

Thu, 11 Mar 2010 09:08:00 +1300

The Reserve Bank left the official cash rate (OCR) unchanged at a record low 2.5 percent, but economists noted it is no longer "comfortable'' with the inflation outlook.
Related Symbols: ASX:ANZ, FOREX:NZDUSD

NZ dollar falls after RBNZ monetary policy statement

Thu, 11 Mar 2010 17:18:00 +1300

The New Zealand dollar fell in the wake of the Reserve Bank of New Zealand's Monetary Policy Statement (MPS) even though the official cash rate was held unchanged at a record low of 2.5 percent.
Related Symbols: ASX:WBC, FOREX:AUDUSD, FOREX:EURUSD, FOREX:NZDAUD, FOREX:NZDJPY, FOREX:NZDUSD

Solid demand for Kiwi

Thu, 11 Mar 2010 08:38:00 +1300

There was solid demand for the New Zealand dollar ahead of the morning's monetary policy statement by the Reserve Bank of New Zealand.
Related Symbols: ASX:ANZ, FOREX:AUDUSD, FOREX:EURUSD, FOREX:NZDJPY, FOREX:NZDUSD

NZ sharemarket slips in early trading

Thu, 11 Mar 2010 10:38:00 +1300

The New Zealand sharemarket slipped in early trading, with key stocks losing ground or staying flat after the Reserve Bank did as expected and left official interest rates at a record low 2.5 percent.
Related Symbols: FOREX:NZDUSD, INDEX:COMP, INDEX:DJI, INDEX:SP500, NZX:CEN, NZX:FBU, NZX:MFT, NZX:SKT, NZX:SPN, NZX:STU, NZX:TEL

Food prices fall in February

Thu, 11 Mar 2010 11:20:00 +1300

Food prices fell 1.3 percent in February, with prices for fruit and vegetables, meat and fish, and groceries all falling from January.