NZ dollar holds on to some gains, even as China’s zero-covid policy remains

NZ dollar holds on to some gains, even as China’s zero-covid policy remains
Xi Jinping emphasised the success of China's zero-covid policy at the recent party congress. (Photo: Getty)
Dan Brunskill
The New Zealand dollar was still trading above 59 US cents this morning, after jumping as much as 3.4% over the weekend, on speculation that China may end its zero-covid policy. Markets were reacting to a comment from a former senior official, who said China would reopen its border with Hong Kong later this year, and a meeting between president Xi Jinping and German chancellor Olaf Scholz in which vaccines were discussed.These events were interpreted by many as signs the world’s second-biggest economy was preparing to soften its stri...

More Economy

Rise in liquidations compounded by IRD crackdown
Economy

Rise in liquidations compounded by IRD crackdown

The IRD filed two-thirds of creditor applications in the March quarter.

Gregor Thompson 22 Apr 2025
RBNZ assistant governor resigns
Economy

RBNZ assistant governor resigns

The announcement comes just weeks after governor Adrian Orr suddenly quit.

John Anthony 17 Apr 2025
Annual inflation lifted 2.5% in the first quarter
Economy

Annual inflation lifted 2.5% in the first quarter

The lift was a tad higher than RBNZ forecasts. 

Staff reporters 17 Apr 2025