NZ dollar falls as virus cases, economic impact mount

NZ dollar falls as virus cases, economic impact mount
Jenny Ruth
The New Zealand dollar fell more than a US cent today, taking its losses for the week to about two-and-a-quarter cents, as the rate of coronavirus infection around the world escalates. Economic consequences, as more major events are cancelled and travel-related companies downgrade earnings forecasts, are also rising. The kiwi was trading at 61.27 US cents at 5pm in Wellington, up from the day's low at 60.83 cents but down from 62.58 cents this time yesterday. The domestic currency closed at 63.55 cants in New York last Friday. The trad...

More Markets

NZ sharemarket edges higher as F&P Healthcare weighs on gains
Markets Market Close

NZ sharemarket edges higher as F&P Healthcare weighs on gains

The S&P/NZX 50 Index closed 14.49 points or 0.11% down at 13,391.59.

Jamie Gray 24 Oct 2025
Contact Energy expands global investor base
Markets

Contact Energy expands global investor base

Contact Energy priced an inaugural €500 million (NZ$1.01b) 7-year senior bond under its Euro Medium Term Note (EMTN) Programme, it said Friday.“This marks a milestone in Contact’s funding strategy, expanding our global investor base and reinforcing our commitment to sustainable f...

Rebecca Howard 24 Oct 2025
Kiwibank wary of capital-review barrier to growth
Finance

Kiwibank wary of capital-review barrier to growth

Kiwibank raises issues of competitive advantage.

Andy Macdonald 24 Oct 2025
Cash or invest? What Allied Farmers could do with $7m
Markets Small Cap Wrap

Cash or invest? What Allied Farmers could do with $7m

Plus, Promisia's insightful guidance, numerous AGMs, and more.