NZ dollar falls as magnitude of US coronavirus crisis sinks in

NZ dollar falls as magnitude of US coronavirus crisis sinks in
Jenny Ruth
The New Zealand dollar was weaker after a bad session on Wall Street amid a growing realisation of just how bad the coronavirus crisis in the US is becoming. The kiwi was trading at 59.28 US cents at 5pm in Wellington from 59.48 at the same time yesterday while the trade-weighted index was at 68.12 from 68.09. Those known to be infected with covid-19 in the US has jumped to 215,215, up by 26,473 a day earlier – reported infections there continue to escalate and the latest daily increase compares with 5,588 on March 20. The latest news...

More Markets

‘Unusual’ volume of CCCFA changes in focus
Finance

‘Unusual’ volume of CCCFA changes in focus

Select committee mulls proposed changes to CCCFA, to report recommendations Oct 20.

F&P Healthcare urges Govt to shut patent loophole
Markets

F&P Healthcare urges Govt to shut patent loophole

The company says the current patent loophole threatens its NZ operations.

NZX 50 dips despite Fletcher Building's 4.6% gain
Markets Market Close

NZX 50 dips despite Fletcher Building's 4.6% gain

Pacific Edge shares gained after it said it got a step closer to Medicare approval.

Gregor Thompson 15 Sep 2025
ANZ agrees to record A$240m fine for widespread misconduct
Markets

ANZ agrees to record A$240m fine for widespread misconduct

ANZ has agreed to pay the largest penalty its Australian regulator has ever issued an entity in one go, due to failings in the bank’s dealings with both the Government and its retail customers.ANZ and the Australian Securities and Investments Commission (ASIC) will ask the Federa...

Staff reporters 15 Sep 2025