NZ dollar extends gain as commodity currencies rally

NZ dollar extends gain as commodity currencies rally
Gavin Evans
The New Zealand dollar extended its recent gains as commodity currencies rallied on the prospect of a US-China trade deal next week and as year-end profit-taking saw the US dollar sold-off. The kiwi, already at a five-month high, was trading at 67.34 US cents at 1pm in Wellington, up from 67.11 cents late yesterday. The trade-weighted index rose to 73.64 from 73.44. “All the commodity currencies rallied” and the US dollar index is looking “quite heavy,” said Tim Kelleher, head of institutional foreign exchange sales at Commonwealth Bank o...

More Markets

NZ stocks end flat as US Fed decision looms
Markets Market Close

NZ stocks end flat as US Fed decision looms

Market finishes slightly down as telco company Spark loses more ground.

Locate Technologies plans to quit ASX for NZX
Markets

Locate Technologies plans to quit ASX for NZX

Bitcoin-favouring Locate Technologies eyes move to NZX's main board.

Vital takeover bid passes threshold at 11th hour
Markets

Vital takeover bid passes threshold at 11th hour

Tait International has secured acceptances to meet the 90% minimum condition for its Vital takeover less than a day before the offer was set to expire.Vital filed a substantial product holder (SPH) notice to the NZX on Friday morning, which showed Tait's stake lifted to 92.1%...

Tower again hikes FY underlying profit outlook
Markets

Tower again hikes FY underlying profit outlook

Insurer sees FY underling profit up as large events weigh less than expected