NZ dollar rebounds on central bank, govt moves to calm markets

NZ dollar rebounds on central bank, govt moves to calm markets
Jenny Ruth
The New Zealand dollar rebounded after the US Federal Reserve announced an unprecedented and limitless money printing programme to try to calm financial markets, and after New Zealand's government announced guarantees to banks to lend to small to medium-sized businesses.The kiwi was trading at 57.81 US cents at 5pm in Wellington from 57.77 cents ahead of the government's announcement and 56.38 cents late yesterday. The trade-weighted index was at 67.26 from 66.02.New Zealand's government is offering trading banks government guarantees on a maxi...

More Markets

NZME chief financial officer David Mackrell resigns, to join Sky TV
Markets

NZME chief financial officer David Mackrell resigns, to join Sky TV

NZME is losing one of its long-established executives as he switches to the top table at Sky Television.NZME chief financial officer David Mackrell has resigned and will join Sky as its new chief financial officer in January, the two publicly listed companies have revealed in sep...

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025
Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025