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 drops after weak GDP data
Markets Market Close

NZ sharemarket drops after weak GDP data

Stats NZ data showed NZ's gross domestic product fell 0.9% in the June quarter.

Craigs beefs up in Hawkes Bay, eyes further expansion
Finance

Craigs beefs up in Hawkes Bay, eyes further expansion

Craigs looks to further expansion as it confirms the Somerset Smith Partners deal.

NZ dollar on watch ahead of 3Q GDP, Fed signals
Markets

NZ dollar on watch ahead of 3Q GDP, Fed signals

Economists expect NZ GDP to shrink 0.3% in the June quarter after March growth.

Seeking a faster, sharper ComCom
Economy

Seeking a faster, sharper ComCom

A ‘gold standard’ approach and siloed structure slow the ComCom down.