NZ dollar jumps after RBA slashes rates

NZ dollar jumps after RBA slashes rates
Jenny Ruth
The New Zealand dollar jumped, yanked higher in the wake of the Australian dollar after the Reserve Bank of Australia cut its cash rate in response to the coronavirus. The kiwi was trading at 62.66 US cents at 5pm in Wellington, down from 62.81 cents immediately after the RBA's announcement and from 62.29 cents at the same time yesterday. The trade-weighted index was at 69.82 points from 69.51. The Australian dollar jumped from 65.30 US cents immediately before the announcement to as high as 65.66 cents. The New Zealand dollar was at 95.6...

More Markets

Vector agrees to sell LPG assets for $150m
Markets

Vector agrees to sell LPG assets for $150m

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024
ASX: Australian shares slide to a two-week low as tech drags
Markets

ASX: Australian shares slide to a two-week low as tech drags

Every sector of the Australian share market has lost ground.

AAP 26 Jul 2024
NZ sharemarket down 0.38%
Markets Market close

NZ sharemarket down 0.38%

The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.

Graham Skellern 26 Jul 2024
The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024