MARKET OPEN: Kiwi shrugging off spectre of negative rates

MARKET OPEN: Kiwi shrugging off spectre of negative rates
Rebecca Howard
The New Zealand dollar will remain firm and exporters will be under some pressure as the market begins to pare back expectations the central bank will cut rates into negative territory. The kiwi was trading at 66.60 US cents at 7.45am, unchanged from 5pm yesterday and “was unperturbed by another dose of dovish talk by an RBNZ senior official,” said BNZ senior strategist Jason Wong.According to Bloomberg, assistant Reserve Bank governor Christian Hawkesby told a Citigroup conference in Sydney that while some data had surprised o...

More Markets

NZ sharemarket celebrates a near 1% Easter rise
Markets Market close

NZ sharemarket celebrates a near 1% Easter rise

The S&P/NZX 50 Index closed at 12,105.29, up 94.62 points or 0.79%.

Graham Skellern 28 Mar 2024
F&P Healthcare facing $12m bill for product recall
Markets

F&P Healthcare facing $12m bill for product recall

The company will provision the cost in its next full year results.

Staff reporters 28 Mar 2024
Synlait seeking help from major shareholder for $130m debt
Markets

Synlait seeking help from major shareholder for $130m debt

Synlait enters trading halt as it needs more time to come up with cash.