NZ dollar extends gain amid mixed US data, possible trade progress

NZ dollar extends gain amid mixed US data, possible trade progress
Gavin Evans
The New Zealand dollar extended its recent gains against the greenback amid mixed US economic data and vague signs of progress in the US-China trade talks. The kiwi was trading at 65.25 US cents at 8am from 65.14 cents at 5pm in Wellington. The trade-weighted index was at 72.14 from 72.13. The US Institute of Supply Management’s non-manufacturing index came in at 53.9 overnight, a level indicating expansion but down from 54.7 in October and below expectations of about 54.5. The weakest sub-indices were for production and imports, while me...

More Markets

Market ends on a slight upnote after week of poor results
Markets

Market ends on a slight upnote after week of poor results

The reporting season results weighed on the market all week. 

Staff reporters 23 Feb 2024
‘Take a breath’: Greg Foran on Air NZ's year ahead
Markets

‘Take a breath’: Greg Foran on Air NZ's year ahead

Air NZ is carrying some unavoidable lead in the saddlebag for at least the next 18 months.

Pattrick Smellie 23 Feb 2024
Economic headwinds, rail charges hit Port of Tauranga
Infrastructure

Economic headwinds, rail charges hit Port of Tauranga

The biggest export port in the country has reported a drop in net profit. 

Oliver Lewis 23 Feb 2024
NZX's profit slips, trading volumes lowest in nine years
Markets

NZX's profit slips, trading volumes lowest in nine years

But the stock exchange operator's revenue was up.

Riley Kennedy 23 Feb 2024