NZ dollar gains on weak US data, renewed trade concerns

NZ dollar gains on weak US data, renewed trade concerns
Rebecca Howard
By Rebecca Howard July 18 (BusinessDesk) -  The New Zealand dollar gained on weak US housing data and renewed concerns about US-China trade tensions. The kiwi was trading at 67.31 at 7:50 am in Wellington versus 67.11 US cents at 5:05pm. The trade-weighted index was at 73.63 from 73.44.  Overnight, the US Commerce Department said that June housing starts fell 0.9 percent from May. Residential building permits fell 6.1 percent, marking the biggest monthly drop since March 2016. Economists surveyed by The Wall Street Journal had expected...

More Markets

NZ sharemarket flat despite Skellerup's record HY earnings
Markets Market Close

NZ sharemarket flat despite Skellerup's record HY earnings

The S&P/NZX 50 Index closed at 12,905.98, down 7.97 points or 0.062%.

Skellerup CEO reveals seven-year goal
Markets

Skellerup CEO reveals seven-year goal

Graham Leaming isn't just looking at where Skellerup is growing.

London calls, but Air NZ doesn’t have enough planes
Markets

London calls, but Air NZ doesn’t have enough planes

Gatwick landing slots from April can't be taken up.

NZ sharemarket drops slightly by 0.02%
Markets Market Close

NZ sharemarket drops slightly by 0.02%

The S&P/NZX 50 closed at 12,913.95, down 3.5 points or 0.027%.

Graham Skellern 12 Feb 2025