NZ dollar falls as China's yuan depreciates

NZ dollar falls as China's yuan depreciates
Jenny Ruth
By Jenny Ruth Aug. 22 (BusinessDesk) - The New Zealand dollar fell, dragged lower by the weakening Chinese yuan which is widely viewed as China’s retaliation to US tariffs. The kiwi was trading at 63.70 US cents at 5:05pm in Wellington from 64.01 at 7:50am. The trade-weighted index was at 71.00 points from 71.24. “The yuan’s being followed at the moment because if they depreciate their currency, then it’s expected other countries will follow suit and a currency war will ensue,” says Imre Speizer, currency strategist at Westpac. “It’...

More Markets

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025
Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025
Forsyth Barr shifts Turners Automotive to neutral
Markets

Forsyth Barr shifts Turners Automotive to neutral

The company has delivered five consecutive years of record earnings.

Rebecca Howard 04 Jul 2025
Vital board backs Tait takeover
Markets

Vital board backs Tait takeover

Vital’s board has unanimously recommended that shareholders and option holders accept a full takeover offer from Tait Communications, despite their view that it undervalues the company.In May, Vital shares rallied after it disclosed that Tait, a Christchurch-based critical commun...

Gregor Thompson 04 Jul 2025