The New Zealand dollar is in for a quiet start to the week as traders look ahead to the looming Reserve Bank decision on interest rates on Thursday where a hike is expected. The kiwi traded at 86.85 US cents at 8am in Wellington, from 86.97 cents at the New York close and 86.77 cents at 5pm in Wellington on Friday. The …

New Zealand stocks fell as in a global sell-off as news of a passenger jet plane shot down over Ukraine and Israel’s invasion into Palestine’s Gaza strip spooked investors, driving demand for so-called ‘safe haven’ assets such as gold and bonds. Xero led the market lower, paced by fellow growth stocks. The NZX 50 Index fell 3.46 points, or 0.1 percent, to …

The New Zealand dollar is heading for a 1.5 percent weekly drop against the greenback as a Malaysian passenger jet crash in rebel-held Ukraine and an Israeli ground invasion in Gaza sapped investors’ risk appetite in an environment where the local currency had already fallen out of favour. The kiwi fell to 86.78 US cents at 5pm in Wellington from 88.10 cents on Friday in …