Copyright 2015 All rights reserved. This material can't be published, transferred, copied or redistributed.
The New Zealand dollar extended its decline after this week's Federal Reserve decision to hike interest rates and project further increases in 2017.
GO GREENBACK: The ICE U.S. Dollar index, which tracks the value of the dollar against the euro, Japanese yen and four other currencies, jumped more than 1 percent and touched its highest level since 2002.
"We feel the 25 basis points increase was nearly fully priced in and didn't take market participants by surprise, but the strong market reaction is due to the new Fed projections for 2017, which showed the central bank now expects three rate hikes for 2017 rather than only two factored in by the market in September".
The Fed sees three rate hikes next year instead of the two foreseen as of September, partly as a result of the changes anticipated under President-elect Donald Trump.
"In view of realized and expected labor market conditions and inflation, the (Federal Open Market) Committee made a decision to raise the target range for the federal funds rate to 1/2 to 3/4 percent", said the Fed in a statement after concluding a two-day policy meeting.
Browns fall to 0-13, lose 23-10 to Bengals
The Browns cut the deficit to 20-10 in the fourth quarter, but the Bengals were able to control the final minutes of play. Griffin scored a quarterback sneak with 8:11 to play as he went in behind center Cameron Erving to make the score 20-7.
US stocks fell in choppy trade, with the Dow Jones Industrial average closing down about 120 points. Meanwhile, higher interest rates may spill over to increased mortgage rates, which will pile on the financing burden for home buyers.
"What the Fed has actually said and (Federal Reserve chair) Yellen said at the press conference is all still very cautious", said Philip Borkin, senior economist at ANZ Bank New Zealand. "Let me be careful that I am not trying to provide advice to the new administration or to Congress as to what is the appropriate stance of policy", the Fed chair said.
Remember that previous year, they said they would increase rates four times, Taylor says.
Stocks moved firmly higher on Thursday after a knee-jerk selloff late Wednesday tied to the Federal Reserve's rate hike outlook. China's 10-year bond yield also climbed to 3.45 percent, further curbing demand in the world's second-biggest economy. The rise was as expected after increasing 0.4% in October.
Dividend-paying stocks had been big winners in recent years as investors turned to them in search of income given record-low bond yields. USA stocks rebounded from the worst day in two months. The euro fell to $1.0436 from $1.0557, and the British pound fell to $1.2484 from $1.2596. Brent crude, the worldwide standard, lost $1.82 to $53.90 a barrel in London.
Artillery barrage kills many displaced in Aleppo
He said numerous fleeing civilians fear revenge attacks, amid reports of arrests from people living in government-held areas. O'Brien said Tuesday the deteriorating situation in Aleppo was "deeply alarming and chilling".
In Europe, Britains FTSE 100 stock index dipped 0.3 percent, while Germanys DAX fell 0.4 percent and Frances CAC 40 lost 0.7 percent.
Gold dropped to its lowest in more than 10 months around $1,135.1 an ounce and last stood at $1,138.
USA mortgage rates have risen by more than 50 basis points since the November election.
On Thursday, the dollar was trading above 117 yen, having topped the 117 level overnight for the first time in 10 months.
The kiwi fell to 4.9283 yuan from 4.9797 yuan late yesterday.
With just 23 days left in the year, Taylor Swift has released her first material as a vocalist of 2016. The former One Direction member, Zayn, released his studio album, " Mind of Mine ", earlier this year.
The need to be ready for a full-scale Russian invasion is the only reason making Ukraine carry out the military exercises. However, Moscow is now saying that the testing exercises are affecting Russian territory too.
From the past few weeks, many iPhone 6S series users have been facing issues of a shutdown of the device even after a full charge. However Apple has reassured customers that the issue is not related to your device's safety, so there's no reason to worry.
He just liked to do things (to help people), that's all. "He went out of his way to make people's lives a bit better", the Rev. Wayne State police Chief Anthony Holt issued the honors for Collin Rose during a Tuesday night vigil at the Detroit school.
Best since Oscar Robertson , finishing off the game clock with 42 points, 18 assists, and 15 rebounds. The Oklahoma City Thunder defeated the New York Knicks by a score of 112-103, as reported by ESPN .
Plus, the S.F. defense couldn't get off the field, allowing the NY offense to convert 9-of-19 third- and fourth-down conversions. Hyde finished the first half with seven carries for 141 rushing yards against one of the league's top rushing defenses.
Plus, winds of 20 to 40 miles per hour with gusts to 60 miles per hour in the higher terrain are possible along with the storm. Although the computer models vary in snow totals, they agree: Grand Rapids will get several inches of snow into Monday .
State-sanctioned militias are holding territory to the west of Mosul , but are not expected to enter the mostly Sunni city. The group took over the city in June 2014, and immediately afterwards ISIS announced its self-proclaimed Caliphate.
The catalyst for all these superheroes teaming up is, quite appropriately, something as big as an alien invasion . News, "I think the way it came about was we all collectively wanted the superheroes to face an external threat".
This is a clear stretch of state emergency management authority and a further attempt to abuse and humiliate the water protectors. Construction has stalled as the Army Corps of Engineers engages in talks with Native American leaders.
Rosberg: Abu Dhabi was my toughest race
According to Wolff, Mercedes will "look at the overall situation and say 'what does it mean?' Everything is possible". However, a spokesman for the team made it clear there would be no knee-jerk reaction.
New Amazon Store Lets Customers Avoid Long Lines
The company plans to open stores that sell a mix of " grocery essentials" and ready-made meals with no checkout lines. If it is successful, shopping in a store might even be faster, and more preferable, to its online counterpart.
Syrian army presses Aleppo advance as attacks kill civilians
Tens of thousands of Syrians have fled the rebel-held neighborhoods of eastern Aleppo, as Syrian regime forces make major gains. He denounced what he claimed were massacres in the country committed by the Syrian regime, Russia, Iranian militias and others.
Buzz Aldrin, second man on moon, evacuated from South Pole
A live video allowed people on Earth to watch as he and Armstrong became the first two men to set foot on the moon's surface. Aldrin, Neil Armstrong and Michael Collins were the members of NASA's historic Apollo 11moon mission in July 1969.
Paul Nuttall Elected UKIP Leader
But more imminently, he was this week "going off to the United States of America - but you will understand, purely as a tourist". But a 2020 election where Brexit has yet to be delivered and with Labour hesitant on immigration, could be fruitful for Ukip .
Manchester United vs West Ham
West Ham's Slaven Bilic says Man United's inconsistency doesn't mean they are out of the Premier League title race. And, after their most disappointing defeat of the season, losing 3-2 at Spurs having led 2-1 in the 89th minute.
Betsy DeVos: Everything You Need to Know
Betsy DeVos has been chosen by president-election Donald Trump to be the next education secretary of the U.S. on Wednesday. At least one conservative education group has already criticized the MI native ahead of her nomination over Common Core.
Skipper Smith stands by Test coach Lehmann
They lost their last eight wickets for 32 runs against England at the SCG in 1888 en route to 42 all out. I'm embarrassed to be sitting here to be honest with you", Smith said .