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

NZ sharemarket starts week up 0.6%
Markets Market Close

NZ sharemarket starts week up 0.6%

The S&P/NZX 50 Index closed at 13,449.85, up 80.45 points or 0.6%.

Graham Skellern 24 Nov 2025
Kiwi Property Group's interim profit lower as write-downs bite
Economy

Kiwi Property Group's interim profit lower as write-downs bite

The property company reiterates its full-year dividend views.

Andy Macdonald 24 Nov 2025
Gentrack in the hunt for 10 new customers
Markets

Gentrack in the hunt for 10 new customers

Shares climb more than 14% on hopes of at least three or four new customers.  

Another solar farm gets the nod from Genesis
Markets

Another solar farm gets the nod from Genesis

Genesis Energy has approved the construction of the Edgecumbe Solar Farm in the Bay of Plenty, marking its second major solar commitment in as many months.The company made a final investment decision (FID) on the 136 megawatt peak (MWp) farm, clearing the way for work to begin sh...

Ian Llewellyn 24 Nov 2025