NZ dollar eases on US GDP; all eyes on Federal Reserve

NZ dollar eases on US GDP; all eyes on Federal Reserve
Rebecca Howard
By Rebecca Howard July 29 (BusinessDesk) - The New Zealand dollar weakened slightly after data showed the US economy slowed less than expected in the second quarter but the main focus is on the Federal Reserve ahead of its rate decision this week.  The kiwi was trading at 66.30 US cents at 7:55 am in Wellington from 66.33 cents late Friday in New York and 66.53 cents late Friday in Wellington. The trade-weighted index was at 72.93 from 72.94. US GDP increased at an annual rate of 2.1 percent in the second quarter, down from 3.1 percent...

More Economy

RBNZ could hint cuts may come sooner
Economy

RBNZ could hint cuts may come sooner

The RBNZ will announce its latest decision at 2pm on Wednesday. 

Briscoe Group says tax changes will hit FY net profit by $7.4m
Retail

Briscoe Group says tax changes will hit FY net profit by $7.4m

New legislation affects depreciation on commercial buildings.  

Rebecca Howard 05 Jul 2024
Core Crown tax revenue higher than expected in May accounts
Economy

Core Crown tax revenue higher than expected in May accounts

Government tax intake is $1.57 billion higher than forecast, according to the latest Crown accounts.Treasury released the interim financial statements for the 11 months ended May 31 on Wednesday morning, which showed core Crown tax revenue was $111.12b.This was 1.4% more than the...

Staff reporters 04 Jul 2024
Albanese pledges prosperity through manufacturing boost
Economy

Albanese pledges prosperity through manufacturing boost

Renewable energy and critical minerals key focus of $24 billion strategy.

AAP 04 Jul 2024