NZ dollar eases on shade cast by record Aussie retail sales

NZ dollar eases on shade cast by record Aussie retail sales
Jenny Ruth
The New Zealand dollar looks headed for a slightly weaker finish for the week, cast into the shade by surprisingly strong Australian retail sales. The kiwi was trading at 64.18 US cents at 5pm in Wellington from 64.47 cents at the same time yesterday and from 64.49 cents in New York last Friday. The trade-weighted index was at 71.25 from 71.39. The Australian data showed retail sales rose 16.3 percent in May, the largest ever increase in the 38-year history of the Australian Bureau of Statistics' retail data series. The easing of lockd...

More Markets

NZX rallies past 13,000 points after RBNZ rate cut
Markets Market Close

NZX rallies past 13,000 points after RBNZ rate cut

The NZ sharemarket was up after results from Fletcher Building and Spark.

Tom Raynel 20 Aug 2025
Major SkyCity investor ready to vote against directors
Markets

Major SkyCity investor ready to vote against directors

Allan Gray says an equity raise now would show the board to be poor stewards of capital.

Dileepa Fonseka 20 Aug 2025
Spark resets future dividend ratios, unveils new strategy
Markets

Spark resets future dividend ratios, unveils new strategy

Spark promises a return to basics and 'annuity-like' returns.

Pattrick Smellie 20 Aug 2025
‘One of the most challenging periods in Spark’s history’
Markets

‘One of the most challenging periods in Spark’s history’

Spark has reported another big fall in profit, with reported net profit down 17.7% to $260 million, or a 33.6% fall to $227m, adjusting for asset sales and other one-offs.“The past year has been one of the most challenging periods in Spark’s history, as we navigated economic head...

Staff reporters 20 Aug 2025