NZ dollar takes higher Aussie and Canadian inflation in stride

NZ dollar takes higher Aussie and Canadian inflation in stride
The NZ dollar has been resilient despite inflation in Australia and Canada being higher than anticipated. (Image: Getty)
Rebecca Howard
Higher-than-expected Australian and Canadian inflation has raised bets on more rate hikes in both markets, but the New Zealand dollar took it in stride. The kiwi was at 61.15 US cents late Wednesday in Wellington versus 61.19 US cents early. It was slightly weaker against the Australian dollar, trading at 91.60 Australian cents versus 92.06 Australian cents early Wednesday. The Australian dollar is “broadly stronger” as possible Reserve Bank of Australia (RBA) rate hikes come into play, said BNZ Bank senior markets st...

More Economy

Trump’s tariffs may spur a more dovish RBNZ
Economy

Trump’s tariffs may spur a more dovish RBNZ

The risk appears more weighted to the RBNZ cutting the OCR further than otherwise.

Iron sand project could deliver $265m GDP boost: NZIER
Economy

Iron sand project could deliver $265m GDP boost: NZIER

Iron sands mining in Taranaki could create 1365 jobs, NZIER report says.

NZX-listed companies take stock in wake of US tariff moves
Economy

NZX-listed companies take stock in wake of US tariff moves

Wine makers, manufacturers and others mull what trade wars will bring.

Ian Llewellyn 03 Apr 2025
Analysts struggle to find upside from Trump tariffs
Economy

Analysts struggle to find upside from Trump tariffs

‘They've forgotten the lessons of the Great Depression,’ one analyst said.

Gregor Thompson 03 Apr 2025