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

New Zealand is missing the AI boat
Economy

Dileepa Fonseka: New Zealand is missing the AI boat

Anxiety here about artificial intelligence is more about NZ Inc falling behind.

A dangerous thought for NZ: cheer up!
Economy

Pattrick Smellie: A dangerous thought for NZ: cheer up!

New Zealand is not a poor country, just rather poorly managed of late.

Cost cutting focus for business and govt
Economy

Cost cutting focus for business and govt

Businesses and governments are looking to cut costs further, a forum for CFOs heard.

Dileepa Fonseka 04 Sep 2024
Mood of the CFO survey shows surprising business resilience
Economy

Mood of the CFO survey shows surprising business resilience

Key findings from a new survey of chief financial officers show a strong outlook for growth in the year ahead despite clear economic challenges.“The inaugural Hunter Campbell Mood of the CFO Survey shows that 30% of CFOs feel upbeat or bullish about company performance over the n...

Rebecca Howard 03 Sep 2024