NZ dollar falls as business funk deepens

NZ dollar falls as business funk deepens
Jenny Ruth
By Jenny Ruth Aug. 29 (BusinessDesk) - The New Zealand dollar fell after the latest business survey showed pessimism plumbing new depths and inflation expectations continuing to fall. The kiwi was trading at 63.05 US cents at 5pm in Wellington - the day’s low and the lowest since September 2015 - from 63.37 cents at 8am. The trade-weighted index was at 70.53 from 70.83. The latest ANZ Bank business outlook survey found a net 52.3 percent of respondents expect deteriorating business conditions in the coming year, up from 44.3 percent a...

More Economy

Storms clouds are gathering for the economy
Economy

Storms clouds are gathering for the economy

March-quarter GDP lifted 0.8% on quarter.

Rebecca Howard 19 Jun 2025
Treasury expects growth in 2025 despite weak May data
Economy

Treasury expects growth in 2025 despite weak May data

Treasury is forecasting the GDP will grow 0.4% in 1Q with upside risk.

Rebecca Howard 18 Jun 2025
Modest rise in consumer confidence
Economy

Modest rise in consumer confidence

Consumer confidence continues to tread water, but households could soon receive a back-pocket boost of hundreds of dollars, says a Westpac economist.The Westpac McDermott Miller Consumer Confidence index rose two points to 91.2 in the June quarter.Westpac senior economist Satish...

Staff reporters 18 Jun 2025
Stats NZ to ditch paper-based Census from 2030
Economy

Stats NZ to ditch paper-based Census from 2030

Successive Censuses have been beset with issues, says minister.

Rebecca Howard 18 Jun 2025