NZ dollar headed for 1.3% weekly gain on expectations of a Fed rate cut

NZ dollar headed for 1.3% weekly gain on expectations of a Fed rate cut
Jenny Ruth
By Jenny Ruth July 19 (BusinessDesk) - The New Zealand dollar is heading for a gain of almost a US cent over the week amid expectations the Federal Reserve will cut interest rates at the end of the month. The kiwi was trading at 67.77 US cents at 5pm in Wellington from 67.82 at 7:50am, up from 66.90 in New York last Friday. The trade-weighted index was at 73.89 points from 73.93. Early today, comments from New York Federal Reserve President John Williams that central banks should “take swift action when faced with adverse economic cond...

More Markets

NZME chief financial officer David Mackrell resigns, to join Sky TV
Markets

NZME chief financial officer David Mackrell resigns, to join Sky TV

NZME is losing one of its long-established executives as he switches to the top table at Sky Television.NZME chief financial officer David Mackrell has resigned and will join Sky as its new chief financial officer in January, the two publicly listed companies have revealed in sep...

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025
Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025