Kiwi set for bumpy winter after sharp autumn fall

Kiwi set for bumpy winter after sharp autumn fall
Central banks around the world are raising interest rates (Image: BusinessDesk)
Ava Bradley
Market analysts don’t expect a 6.9% slide in the kiwi against the greenback last month will spell the end of volatility in the New Zealand dollar, with the local currency pushed around by the turmoil facing the global economy.The New Zealand dollar is trading near a two-year low against its US counterpart and was recently at 64.60 US cents. That’s down from 69.71 cents at the end of March, though still some way off the 56.85 cents level it hit in the depths of the covid-induced panic in March 2020.Jason Wong, a market strategist at...

More Finance

December interest rate cut uncertain: Fed governor
Finance

December interest rate cut uncertain: Fed governor

Lisa Cook says the timing of further reductions will depend on new data.

Bayly to banks: ‘Just get on with it’
Finance

Bayly to banks: ‘Just get on with it’

Minister Andrew Bayly is impatient for the changes needed to improve competition.

Ben Moore 20 Nov 2024
‘Regulatory failure’ let NZ’s payments fall behind
Finance

‘Regulatory failure’ let NZ’s payments fall behind

NZ was the All Blacks of payments, but now barely makes regionals as regulation lagged.

Ben Moore 19 Nov 2024