NZ dollar falls against Aussie on stronger-than-expected jobs numbers

NZ dollar falls against Aussie on stronger-than-expected jobs numbers
Jenny Ruth
By Jenny Ruth Aug. 15 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart after better-than-expected jobs numbers across the Tasman but was little changed against the US dollar. The kiwi was trading at 94.96 Australian cents at 5pm in Wellington from 95.33 at 8am and at 64.41 US cents at 5pm in Wellington from 64.35. The Australian data showed a 41,100 gain in employment in July when economists had been predicting just 14,000. ‘’It really smashed it out of the park,” says Mike Shirley, a dealer at Kiwiban...

More Economy

NZIER's Shadow Board predicts RBNZ will hold, with one exception
Economy

NZIER's Shadow Board predicts RBNZ will hold, with one exception

The New Zealand Institute of Economic Research’s Shadow Board expects the Reserve Bank of NZ to hold the official cash rate at 5.5% for another year, although one member did call for a hike this week. “While inflation pressures are still high and the labour market remains strong,...

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