Kiwi falls on weaker Wall St, NZ govt bond sale plan

Kiwi falls on weaker Wall St, NZ govt bond sale plan
Jenny Ruth
The New Zealand dollar was weaker as the market digested Treasury's plan to sell $17 billion of government bonds before the end of June and after another down day on Wall Street. The kiwi was trading at 59.48 US cents at 5pm in Wellington from 60.16 cents at the same time yesterday. The trade-weighted index was at 68.09 from 68.79. "The kiwi is following the US share market more than anything else," said Imre Speizer, Westpac's head of currency strategy in New Zealand. Yesterday, US stock futures had suggested that market was heading f...

More Markets

Volatile stocks drive NZ sharemarket down nearly 0.5%
Markets Market Close

Volatile stocks drive NZ sharemarket down nearly 0.5%

The S&P/NZX 50 Index closed at 12.844.59, declining 60.45 points or 0.47%.

Graham Skellern 05 Feb 2025
Lyttelton Port result improves but CEO says it's not enough
Infrastructure

Lyttelton Port result improves but CEO says it's not enough

The CEO says Lyttelton Port does not generate sufficient returns on its capital base. 

Rebecca Howard 05 Feb 2025
Sky CFO Ciara McGuigan resigns in surprise departure
Markets

Sky CFO Ciara McGuigan resigns in surprise departure

Embattled broadcaster Sky TV is losing its chief financial officer with immediate effect.The pay-TV operator, facing a barrage of customer anger over poor satellite reception in recent weeks, announced the resignation of Ciara McGuigan on Wednesday.Her departure, effective immedi...

Staff reporters 05 Feb 2025
Ex-contractors reveal Harvey Norman business model pressures
Retail Exclusive

Ex-contractors reveal Harvey Norman business model pressures

The promise of big money can require extreme flexibility from ‘proprietors’.

Gregor Thompson 05 Feb 2025