NZ dollar consolidates weekly gain of more than a US cent

NZ dollar consolidates weekly gain of more than a US cent
Jenny Ruth
The New Zealand dollar consolidated near a four-month high the past week as betting on another interest rate cut next year dwindled while the odds of a February cut by the Reserve Bank of Australia increased.The kiwi was trading at 65.55 US cents at 5pm in Wellington from 65.46 cents at 8am and from 64.20 cents in New York last Friday. The trade-weighted index was at 72.42 from 72.34."It's US dollar weakness, kiwi strength," said Martin Rudings a dealer at OMF, adding that the US dollar has weakened in each of the past seven trading days.L...

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