NZ dollar eases as tensions between US and China rise

NZ dollar eases as tensions between US and China rise
Jenny Ruth
The New Zealand dollar was weaker after the United States formally rejected most of China's claims in the South China Sea. The kiwi was trading at 65.38 US cents at 5pm in Wellington from 65.72 cents at the same time yesterday while the trade-weighted index was at 72.11 from 72.36. In the latest escalation of tensions between Washington and Beijing, US Secretary of State Mike Pompeo asserted that "Beijing's claims to offshore resources across most of the South China Sea are completely unlawful, as is its campaign of bullying to control th...

More Markets

Nothing to see here – Aussie regulator slams ANZ
Finance

Stock & Trade: Nothing to see here – Aussie regulator slams ANZ

FMA confirms eight complaints over NZ bond trading, but no action was taken.

Merger law reforms overdue and welcome
Markets

Merger law reforms overdue and welcome

What the proposed competition law changes could mean for future mergers

NZ sharemarket drops after weak GDP data
Markets Market Close

NZ sharemarket drops after weak GDP data

Stats NZ data showed NZ's gross domestic product fell 0.9% in the June quarter.

Tom Raynel 18 Sep 2025
Craigs beefs up in Hawkes Bay, eyes further expansion
Finance

Craigs beefs up in Hawkes Bay, eyes further expansion

Craigs looks to further expansion as it confirms the Somerset Smith Partners deal.

Staff reporters 18 Sep 2025