NZ dollar dips after domestic jobs data

NZ dollar dips after domestic jobs data
Rebecca Howard
The New Zealand dollar dipped after unemployment was slightly higher than expected in the third quarter. The kiwi was trading at 63.72 US cents at 5pm versus 63.82 cents at 8am in Wellington. The trade-weighted index was at 70.17 points from 70.29. “It rallied into it and then dipped on the release,” said Kiwibank senior FX trader Mike Shirley.  “We have just sort of drifted around since then,” he said. The domestic focus will now shift to the central bank’s monetary policy review next week and economists are still split on whether it...

More Markets

Volatile stocks drive NZ sharemarket down nearly 0.5%
Markets Market Close

Volatile stocks drive NZ sharemarket down nearly 0.5%

The S&P/NZX 50 Index closed at 12.844.59, declining 60.45 points or 0.47%.

Lyttelton Port result improves but CEO says it's not enough
Infrastructure

Lyttelton Port result improves but CEO says it's not enough

The CEO says Lyttelton Port does not generate sufficient returns on its capital base. 

Sky CFO Ciara McGuigan resigns in surprise departure
Markets

Sky CFO Ciara McGuigan resigns in surprise departure

Embattled broadcaster Sky TV is losing its chief financial officer with immediate effect.The pay-TV operator, facing a barrage of customer anger over poor satellite reception in recent weeks, announced the resignation of Ciara McGuigan on Wednesday.Her departure, effective immedi...

Ex-contractors reveal Harvey Norman business model pressures
Retail Exclusive

Ex-contractors reveal Harvey Norman business model pressures

The promise of big money can require extreme flexibility from ‘proprietors’.