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ASIAN currencies, including the peso, are expected to remain under pressure in the near term as the dollar stays firm, supported by geopolitical tensions and a cautious stance from the US Federal Reserve, MUFG said. “For Asian currencies, we expect a cautious start to the week, amid a pickup in geopolitical risks that could keep USD strength in play in the near term,” the Japanese financial group said in a market note.MUFG said geopolitical risks had intensified, encouraging investors to stay defensive and favor the dollar. These include worsening protests...

The euro is the world’s second most-used currency, accounting for 20% of global foreign exchange reserves, compared with 58% for the US dollar.Harbour Asset Management fixed income and currency strategist, Hamish Pepper, said the greenback was losing favour, but only at the margin.“The set-up to this weakness in the US dollar was one where pretty much everybody acknowledged that it was an expensive, or overvalued, currency,” Pepper said.AdvertisementAdvertise with NZME.“It’s been supported by this exceptional US economy, so that was the story.“All of a sudden we’ve had a couple of...

“I’m of the opinion that the 30, 40 years of growth might not be as good over the next 20 or 30 years.” Data released by the Ministry of Business, Innovation and Employment in November suggests there are 116,719 private residential landlords in New Zealand, with the vast majority – 76.49% – owning one investment property. O’Neill believes that with fewer people owning their own homes, residential property investment is much more susceptible to political intervention. “There’s going to be more negative long-term taxes or rule changes or restrictions placed...