Wild ride in store for the New Zealand dollar

Wild ride in store for the New Zealand dollar
The kiwi dollar is in for a wild ride this week. (Image: Getty)
Rebecca Howard
The New Zealand dollar is in for a wild ride this week as investors jostle for position ahead of the Reserve Bank of NZ’s monetary policy review on Wednesday. After hitting a high of US62.18 cents (NZ$1) late last week, it traded at US61.71c at 4.30 pm in Wellington on Monday. ANZ pegs initial resistance at US62.55c. The debate has been heated in the past few days after ANZ said the Reserve Bank of NZ (RBNZ) would hike by 25 basis points to 5.75% this week and then again in May, taking the official cash rate (OCR) to 6.0%.ANZ Ba...

More Economy

The labour market is doing what the RBNZ wants
Economy

The labour market is doing what the RBNZ wants

BNZ expects unemployment to tick up to 4.3%. 

Rebecca Howard 23 Apr 2024
The industrial policy debate never seems to go away
Economy

Dileepa Fonseka: The industrial policy debate never seems to go away

Industrial policy is getting a second hearing around the world, including in NZ.

Dileepa Fonseka 22 Apr 2024
How to discourage wealth
Economy

Simon Robertson: How to discourage wealth

Let NZers invest $1 offshore without making the starting point 95c every year.

Simon Robertson 20 Apr 2024
Fast-track ‘stakeholders’ list released
Economy

Fast-track ‘stakeholders’ list released

Major corporates including Carter Group and Fonterra are on the list.

Victoria Young 19 Apr 2024