NZD treading water after US jobs data gave no clear steer

NZD treading water after US jobs data gave no clear steer
(Image: Getty)
Rebecca Howard
The New Zealand dollar looks set to tread water after US jobs data failed to provide a clear steer on whether the US Federal Reserve will cut rates by 25 or 50 basis points this month. The kiwi was trading at 61.79 US cents early Monday in Wellington after trading at 62.22 US cents late Friday. “Market participants were looking for the labour market report to settle the debate on the size of the Fed rate cut at the September FOMC. Although payrolls growth was weak, it didn’t provide a definitive answer,” BNZ Bank'...

More Economy

Consumer confidence back on the up – ANZ survey
Economy Free

Consumer confidence back on the up – ANZ survey

Consumer confidence rose five points to 98.3 in April, according to the latest ANZ-Roy Morgan survey, shoring up the upward trend that was starting to look wobbly.But inflation expectations also rose sharply – up 0.5 points to 4.7%, the highest reading since July 2023.“Household...

Staff reporters 24 Apr 2025
‘Uncertainty abounds’: Willis on trade war challenges
Economy

‘Uncertainty abounds’: Willis on trade war challenges

The impacts for NZ are twofold and will make its economic recovery harder, Willis says.

Rebecca Howard 23 Apr 2025
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