NZ dollar firms as hopes for US-China trade talks sour

NZ dollar firms as hopes for US-China trade talks sour
Jenny Ruth
The New Zealand dollar was slightly stronger as hopes sour for a positive outcome from this week's trade negotiations between China and the United States. The kiwi was trading at 63.12 US cents at 5pm in Wellington from 62.96 cents at 7:55am. The trade-weighted index was at 70.52 points from 70.35. The market is also awaiting the minutes of the Federal Reserve's last meeting for clues about what it will do next. The central bank last month cut the Fed Funds Rate by 25 basis points. As China's Vice Premier Liu He and other officials hea...

More Markets

Air NZ cuts role to cut costs
Markets

Air NZ cuts role to cut costs

Chief corporate affairs officer Mat Bolland to leave as part of “extensive” cost review.

NZ market falls, F&P Healthcare bolsters trading
Markets

NZ market falls, F&P Healthcare bolsters trading

All eyes are on the US Federal Reserve. 

Graham Skellern 12 Jun 2024
Willis calls for select committee inquiry into banking
Finance

Willis calls for select committee inquiry into banking

She wants the Finance and Expenditure and Primary Production Committees to join forces.

Rebecca Howard 12 Jun 2024
Booster KiwiSaver used funds for related wine investment: FMA
Markets

Booster KiwiSaver used funds for related wine investment: FMA

The market watchdog alleges 75 causes of action from 2017-22.