NZ dollar firms despite US-China trade jitters

NZ dollar firms despite US-China trade jitters
Jenny Ruth
The New Zealand dollar rose despite the re-emergence of jitters over a potential US-China trade deal. It was helped by the People's Bank of China gently lifting the yuan all week and by decreasing expectations of a local interest rate cut next week. The kiwi was trading at 64.35 US cents at 5:05pm in Wellington from 64.10 at 8am while it rose to 4.5304 yuan from 4.5113. The currency has gained the best part of a US cent this week after closing in New York last Friday at 63.49 cents. "Part of the reason for the New Zealand dollar being str...

More Markets

NZ sharemarket bounces back 0.5%
Markets Market close

NZ sharemarket bounces back 0.5%

The S&P/NZX 50 Index closed at 11,852.8, up 56.58 points or 0.48%.

Ryman CEO Umbers' tenure ends abruptly
Markets

Ryman CEO Umbers' tenure ends abruptly

Company chair Dean Hamilton will take over as interim executive chair.

TradeWindow $2.2m raise closes over-subscribed
Markets

TradeWindow $2.2m raise closes over-subscribed

The company reiterated its guidance that it will be breaking even.

Air NZ issues profit downgrade on soft conditions
Markets

Air NZ issues profit downgrade on soft conditions

North American market impacted by competitive pricing pressures.