Kiwi jumps against greenback, plunges against the pound

Kiwi jumps against greenback, plunges against the pound
Jenny Ruth
The New Zealand dollar jumped against the US dollar on reports the US and China have declared a trade war truce but plummeted against the British pound as the Conservative Party appeared headed for a landslide election victory. The kiwi was trading 66.15 US cents at 5pm from 65.80 cents this morning and 65.61 cents last Friday in New York. It was at 49.07 British pence from 50.28 pence at 8am. "We have at least postponed two of the bigger risks we've spent most of 2019 worrying about," said Robert Rennie, chief currency strategist at West...

More Markets

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025
Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025
Forsyth Barr shifts Turners Automotive to neutral
Markets

Forsyth Barr shifts Turners Automotive to neutral

The company has delivered five consecutive years of record earnings.

Rebecca Howard 04 Jul 2025
Vital board backs Tait takeover
Markets

Vital board backs Tait takeover

Vital’s board has unanimously recommended that shareholders and option holders accept a full takeover offer from Tait Communications, despite their view that it undervalues the company.In May, Vital shares rallied after it disclosed that Tait, a Christchurch-based critical commun...

Gregor Thompson 04 Jul 2025