Kiwi dollar firms on weak US retail data, capped by rate-cut expectations

Kiwi dollar firms on weak US retail data, capped by rate-cut expectations
Rebecca Howard
The kiwi got a slight lift from weaker US data but remains capped by expectations of a November rate cut. The kiwi was trading at 62.86 US cents at 7:50 am in Wellington from 62.70 cents at 5 pm. The trade-weighted index was at 69.86 from 69.81. The kiwi got a slightly lift when US retail sales fell 0.3 percent in September, the first fall in seven months. The slide raised fears that the slowdown in the US manufacturing sector could be impacting consumers and added to the view the US Federal Reserve may keep cutting interest rates.    ...

More Markets

Aged care sector stands to gain from reform, analysts say
Markets

Aged care sector stands to gain from reform, analysts say

Providers are 'increasingly vocal' about economic returns on care.

Steel & Tube dampens NZ sharemarket
Markets

Steel & Tube dampens NZ sharemarket

Company predicts its full-year earnings will be down from market consensus forecasts.

Staff reporters 14 Jun 2024
Steel & Tube has ‘controlled the controllables’, CEO says
Markets

Steel & Tube has ‘controlled the controllables’, CEO says

Company's shares rose 3% immediately after guidance issued. 

Rebecca Howard 14 Jun 2024
Demand pricing may be coming to a movie theatre near you
Markets

Demand pricing may be coming to a movie theatre near you

NZX-listed Vista is rolling out a suite of AI innovations.