NZ dollar headed for 0.6% weekly gain; Tuesday's CPI in focus

NZ dollar headed for 0.6% weekly gain; Tuesday's CPI in focus
Rebecca Howard
By Rebecca Howard July 12 (BusinessDesk) - The New Zealand dollar is headed for a 0.8 percent weekly gain with investors expecting a rate cut in the US at the end of this month but wary ahead of domestic inflation data next week.  The kiwi was trading at 66.82 US cents at 5pm in Wellington from 66.66 cents at 8am and 66.27 cents last Friday in New York. The trade-weighted index was at 73.06 from 72.91 this morning. Comments by Federal Reserve Chair Jerome Powell this week coupled with minutes from the latest June meeting weighed on the...

More Markets

NZ sharemarket gains over 0.5% as inflation falls
Markets Market close

NZ sharemarket gains over 0.5% as inflation falls

The S&P/NZX 50 Index closed at 11,875.35, up 70.51 points or 0.6%.

Trade Window CEO puts his money where his mouth is
Markets

Trade Window CEO puts his money where his mouth is

The founder-chief executive will put up to $500,000 towards a $2.2m capital round.

SkyCity appoints Jason Walbridge new CEO
Markets

SkyCity appoints Jason Walbridge new CEO

Jason Walbridge has been appointed chief executive of SkyCity Entertainment Group."[Walbridge] has extensive global experience in the land-based and online gaming industries, which will position him well to lead SkyCity through its next phases,” chair Julian Cook said.Walbridge i...

NZ sharemarket falls 1%
Markets Market close

NZ sharemarket falls 1%

The S&P/NZX 50 Index closed at 11,804.84, down 111.94 points or 0.94%.

Graham Skellern 16 Apr 2024