NZ dollar falls after US Federal Reserve cuts rates

NZ dollar falls after US Federal Reserve cuts rates
Rebecca Howard
By Rebecca Howard Aug. 1 (BusinessDesk) - The New Zealand dollar fell after the US Federal Reserve cut rates by 25 basis points, as expected, for the first time in a decade, upping the ante on the Reserve Bank to cut rates next week.  The Kiwi was trading at 65.62 US cents at 7:45 versus  65.97 US cents at 5pm in Wellington.  The trade-weighted index fell to 72.43 points from 72.56. "In light of the implications of global developments for the economic outlook, as well as muted inflation pressures, the committee decided to lower the tar...

More Markets

Vector agrees to sell LPG assets for $150m
Markets

Vector agrees to sell LPG assets for $150m

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024
ASX: Australian shares slide to a two-week low as tech drags
Markets

ASX: Australian shares slide to a two-week low as tech drags

Every sector of the Australian share market has lost ground.

AAP 26 Jul 2024
NZ sharemarket down 0.38%
Markets Market close

NZ sharemarket down 0.38%

The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.

Graham Skellern 26 Jul 2024
The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024