Reserve Bank governor Graeme Wheeler is prepared to ramp up the scale of the bank’s currency intervention as he looks to keep a lid on the kiwi, which is 18 percent above its 15-year average. The central bank has “undertaken some foreign exchange transactions” in recent months to take the heat out of the exchange rate, and will boost the …

Wall Street declined, pushing the Dow Jones Industrial Average down from yesterday’s record-high close, as investors weighed signs of improvement in the US economy with concern about the Federal Reserve’s potential decrease of monetary stimulus. US Treasuries gained today, as recent increases in yields bolstered the appeal of fixed-income securities. Yields on the benchmark 10-year bond dropped four basis points …

New Zealand’s Reserve Bank will likely use its new macro prudential tools within the next six months to cool Auckland’s overheated housing market and follow up with interest rate rises, according to the New Zealand Institute of Economic Research. “The Reserve Bank will want to use and have to use macro prudential tools over the next six months,” Shamubeel Eaqub, …