Kiwi under pressure with greenback back in favour

Rebecca Howard
Tue, 12 Jan 2021

Rebecca Howard
Tue, 12 Jan 2021
The kiwi dollar remains under pressure as investors seek out the greenback against a backdrop of ongoing negative covid-19 news, US political tensions and the prospect of inflation coming back to the fore sooner than expected.The NZ dollar was trading at 71.82 US cents at 8am in Wellington versus 71.94 cents at 5pm yesterday.China reported more than 100 covid-19 cases in the past 24 hours, after it imposed a sharp lockdown in Hebei Province late last week, and that is now raising concerns about potential restrictions going into Chinese New Year...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

New players sought for electricity futures market
Gavin Evans | Wed, 20 Jan 2021

Paying new players to offer market-making services may improve pricing, Electricity Authority believes. 

BlackRock mansion: where $12T lives
David Chaplin | Wed, 20 Jan 2021

Global funds management is concentrating into fewer and fewer hands.

Primary Sector
The Zespri effect: Has NZ's hops industry found its Sungold?
Brent Melville | Wed, 20 Jan 2021

New Zealand's hop industry has a clear vision for the future, though this includes some fairly hazy IPAs. 

How consumers can give local businesses a boost

Why this holiday is different for New Zealand SMEs.

What has Covid-19 changed for supply chains?

Covid-19 has helped businesses recognise Supply Chain as a critically important function within their organisation.