NZ dollar rebounds after mixed messages on US-China trade deal

NZ dollar rebounds after mixed messages on US-China trade deal
Jenny Ruth
The New Zealand dollar ended a roller-coaster day with trading roiled by a White House spokesman appearing to say the US-China trade deal was over and then recovering once US President Donald Trump tweeted that the deal was intact. The kiwi was trading at 64.71 US cents at 5pm from 64.29 cents at the same time yesterday. The local currency traded as high as 64.97 US cents just before lunchtime locally when Trump's trade adviser Peter Navarro told Fox News the deal was over and that the “turning point” came when the US learned about the co...

More Markets

NZX rallies past 13,000 points after RBNZ rate cut
Markets Market Close

NZX rallies past 13,000 points after RBNZ rate cut

The NZ sharemarket was up after results from Fletcher Building and Spark.

Tom Raynel 20 Aug 2025
Major SkyCity investor ready to vote against directors
Markets

Major SkyCity investor ready to vote against directors

Allan Gray says an equity raise now would show the board to be poor stewards of capital.

Dileepa Fonseka 20 Aug 2025
Spark resets future dividend ratios, unveils new strategy
Markets

Spark resets future dividend ratios, unveils new strategy

Spark promises a return to basics and 'annuity-like' returns.

Pattrick Smellie 20 Aug 2025
‘One of the most challenging periods in Spark’s history’
Markets

‘One of the most challenging periods in Spark’s history’

Spark has reported another big fall in profit, with reported net profit down 17.7% to $260 million, or a 33.6% fall to $227m, adjusting for asset sales and other one-offs.“The past year has been one of the most challenging periods in Spark’s history, as we navigated economic head...

Staff reporters 20 Aug 2025