New Zealand dollar holds gains; eyes on RBNZ

New Zealand dollar holds gains; eyes on RBNZ
Rebecca Howard
By Rebecca Howard June 26 (BusinessDesk) - The New Zealand dollar held its gains as weak US data put pressure on the greenback and as investors await the Reserve Bank's rate decision this afternoon.  The kiwi was trading at 66.44 US cents at 7:50am in Wellington versus 66.47 US cents at 5pm. The trade-weighted index was at 72.55 from 72.53. US consumer confidence fell to near a two-year low in June following a downward revision of May data by the Conference Board. A sub-index measuring the current situation fell to its lowest level in...

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NZ sharemarket down 1.13% for the week
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The S&P/NZX 50 Index closed at 11,796.21, down 39.83 points or 0.34%.

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Anna Palairet appointed Fonterra's chief operating officer
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Anna Palairet appointed Fonterra's chief operating officer

Having acted in the role since June last year, she replaces Fraser Whineray.

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Analysts upbeat about Tower's latest guidance
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The insurer's shares have gained 36% so far this year. 

Rebecca Howard 19 Apr 2024