NZ dollar pushes through 67 US cents on exporter buying

NZ dollar pushes through 67 US cents on exporter buying
Gavin Evans
The New Zealand dollar pushed through 67 US cents as exporters converted foreign sales proceeds for year-end and on expectations a preliminary trade deal between the US and China will be signed. The kiwi, already at a five-month high, was trading at 67.11 US cents at 5pm in Wellington, from 66.98 cents in New York late Friday and 66.79 cents in Wellington last week. The trade-weighted index rose to 73.44 from 73.41 in New York and 73.31 in Wellington last week. Kevin Morgan, a senior dealer at OMF, said the kiwi appeared to be benefiti...

More Markets

NZ stocks end flat as US Fed decision looms
Markets Market Close

NZ stocks end flat as US Fed decision looms

Market finishes slightly down as telco company Spark loses more ground.

Locate Technologies plans to quit ASX for NZX
Markets

Locate Technologies plans to quit ASX for NZX

Bitcoin-favouring Locate Technologies eyes move to NZX's main board.

Vital takeover bid passes threshold at 11th hour
Markets

Vital takeover bid passes threshold at 11th hour

Tait International has secured acceptances to meet the 90% minimum condition for its Vital takeover less than a day before the offer was set to expire.Vital filed a substantial product holder (SPH) notice to the NZX on Friday morning, which showed Tait's stake lifted to 92.1%...

Tower again hikes FY underlying profit outlook
Markets

Tower again hikes FY underlying profit outlook

Insurer sees FY underling profit up as large events weigh less than expected