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While you were sleeping: Greenback extends rally

Wall Street seesawed as the US dollar continued its climb amid bets the Federal Reserve is gearing up to lift interest rates as early as June. “The reason the Fed would raise rates is because growth dynamics are picking up, which would ultimately be a tailwind for markets, though markets will likely challenge that view with volatility,” Jeremy Zirin, chief …

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Orion Health to join NZX 50 after latest review, NZOG out

Orion Health Group, the health software developer, will join the benchmark NZX 50 index later this month, ousting energy explorer New Zealand Oil & Gas, after the stock market operator’s latest quarterly review. Orion will enter the index on March 23, having met ranking and liquidity requirements for index inclusion, NZX said in a statement after the close of trading. …

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NZ dollar falls as RBNZ looms; dairy fall-out continues

By Paul McBeth March 11 (BusinessDesk) – The New Zealand dollar fell on speculation Reserve Bank governor Graeme Wheeler may signal further delays to interest rate hikes tomorrow and amid concern a threat to contaminate infant formula may hurt orders for the nation’s dairy products. The kiwi dropped to 72.37 US cents at 5pm in Wellington from 72.62 cents at 8am …

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