NZ dollar reaches 5-month high as US-China trade deal nears

NZ dollar reaches 5-month high as US-China trade deal nears
Gavin Evans
The New Zealand dollar climbed to a five-month high, buoyed by the imminent signing of a preliminary trade deal between the US and China and strong fundamentals for the local economy. The kiwi was trading at 66.79 US cents at 5pm in Wellington, from 66.69 cents yesterday and 66.32 cents on Tuesday before the local two-day Christmas holiday break. The trade-weighted index rose to 73.31 from 73.20 yesterday and 72.95 points on Tuesday. The New Zealand dollar has gained almost 4 percent against the US dollar this month, boosted by strong dai...

More Markets

NZ sharemarket lifts off after Auckland Airport numbers
Markets Market close

NZ sharemarket lifts off after Auckland Airport numbers

The S&P/NZX 50 Index closed at 12,943.57, gaining 59.19 points or 0.46%.

Graham Skellern 15 Jan 2025
Auckland Airport numbers bounce back
Markets

Auckland Airport numbers bounce back

Numbers highest since the pandemic hit five years ago.

Staff reporters 15 Jan 2025
NZD outlook: 2025 more about surviving
Markets

NZD outlook: 2025 more about surviving

The kiwi shed more than 11% in 2024, and we already see more downsides. 

Rebecca Howard 15 Jan 2025
Rate decision odds are tight, NZD set for a wild ride
Markets Best of BusinessDesk

Rate decision odds are tight, NZD set for a wild ride

It did turn out to be an understatement. 

Rebecca Howard 15 Jan 2025