NZ dollar lifts against yen; buoyed by improved US data

Thu, 29 Aug 2019

By Rebecca Howard Aug. 30 (BusinessDesk) - The New Zealand dollar gained against the Japanese yen and held around a four-year low against the greenback as investor concerns about a slowing US economy eased. The kiwi was trading at 67.24 yen at 7:50 am in Wellington from 66.79 yen at 5pm. It was at 63.12 US cents from 63.05 cents and the trade-weighted index was at 70.55 from 70.53. Risk appetite got a lift from signs of strong consumer spending in the US helping shore up the economy. Real gross domestic product increased at an annua...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Stay informed on business, government and financial developments across New Zealand.
Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets

Analysts lift rating on Spark but call for lower dividend

Forsyth Barr now rates Spark at outperform.

Rebecca Howard 3:20pm

Markets

Pattrick Smellie: Jim Grenon’s ‘extremist’ problem

Jim Grenon's letter to NZME shows commercial, if not news, acumen.

Pattrick Smellie 2:00pm

World

Top Trump officials debated war plans on unclassified chat

Texts on Signal revealed disagreements about whether to strike Houthis in Yemen.

The Wall Street Journal 9:48am

Top Trump officials debated war plans on unclassified chat

Sponsored

“Extraordinary” uptake for Auckland’s new growth hub

63% of lots at Spedding Road precinct sold ahead of completion.

Spedding Road

Sponsored

Research shows AI-based attacks causing concern and senior leaders overestimating cybersecurity readiness

Research highlights from Datacom’s State of Cybersecurity Index show AI-based attacks are top of mind and senior leaders might be overestimating their organisations’ readiness to recover from cyber incidents.

Datacom