NZ dollar falls in catch-up to Aussie on Trump China Trade tweet

NZ dollar falls in catch-up to Aussie on Trump China Trade tweet
Jenny Ruth
By Jenny Ruth Aug. 2 (BusinessDesk) - The New Zealand dollar fell, particularly against the Australian dollar, in the wake of US President Donald Trump tweeting plans to impose more tariffs on US$300 billion of Chinese goods next month. Both the Australian and New Zealand dollars fell immediately in response to the tweet escalating the US trade war with China but the Australian dollar was hit hardest to begin with overnight local time. The New Zealand dollar has since caught up, says Mitchell McIntyre, a dealer at XE. The kiwi was trad...

More Markets

Lower bond yields lift NZ sharemarket
Markets Market Close

Lower bond yields lift NZ sharemarket

Lower bond yields have helped drive the NZ sharemarket sharply higher at the close.

Jamie Gray 30 May 2025
Turbulent market slashes 2 Cheap Cars' profit
Markets

Turbulent market slashes 2 Cheap Cars' profit

New Zealand’s continued economic downturn, a sharp fall in immigration and consequent softer market demand has driven a 47% drop in profit for 2 Cheap Cars.The company reported total revenue of $81.9 million with 7675 cars sold in the year to March 31, down 6% compared to $86.7m...

Staff reporters 30 May 2025
Pacific Edge launches $20m capital raise
Markets

Pacific Edge launches $20m capital raise

The raise will help the medtech company continue operations for another year.

Staff reporters 30 May 2025
King Salmon slashes earnings guidance
Primary Sector

King Salmon slashes earnings guidance

Reduced harvests are needed to build up fish stocks.

Staff reporters 30 May 2025