90 seconds at 9am: NZ$ falls as US stocks drop; Labour starts monetary policy debate

Bernard Hickey details the key news overnight in 90 seconds at 9am in association with ASB, including news the New Zealand dollar fell to 73 US cents overnight as the global appetite for risk and risky currencies like ours waned in line with a lower US stock market. There are concerns a bubble is growing in US stocks as cheap credit is pumped into valuations that are running ahead of earnings expectations, Bloomberg reported. Also, Asian and European stocks fell after Brazil closed a ...
Author: ninetyatnine; Tags: Bernard Hickey 90 at 9 Labour monetary policy


















