NZ dollar eases amid trade war jitters

NZ dollar eases amid trade war jitters
Rebecca Howard
The New Zealand dollar eased slightly as markets turned their attention back to US-China trade tensions. The kiwi was trading at 64.10 US cents at 8am in Wellington from 64.27 cents at 5pm in Wellington. The trade-weighted index was at 70.63 versus 70.74. “US-China trade war woes are once again creeping back into global market sentiment,” said ANZ FX/rates strategist Sandeep Parekh. While both sides appear to be on track to signing an interim agreement – despite the cancellation of the APEC meeting in Chile – “Chinese officials have re...

More Markets

Expectations of rate cuts boost NZ sharemarket in light trade
Markets Market close

Expectations of rate cuts boost NZ sharemarket in light trade

There were 89 rises and 48 falls on the main board.

Smart CEO Anna Scott resigns
Markets

Smart CEO Anna Scott resigns

Anna Scott will take up her new role on October 1.

Fonterra’s NZ milk collections hit five-year high
Primary Sector

Fonterra’s NZ milk collections hit five-year high

The increased production comes as forecast milk prices point to record levels.