NZ dollar rises after heartening Chinese data

NZ dollar rises after heartening Chinese data
Jenny Ruth
By Jenny Ruth July 15 (BusinessDesk) - July 15 (BusinessDesk) - The New Zealand dollar rose after a raft of Chinese economic data that mostly beat expectations. The kiwi was trading at 67.19 US cents at 5pm in Wellington from 66.81 at 7:50am while the trade-weighted index was at 73.35 points from 73.03. The New Zealand dollar had already been gaining from US dollar weakness amid expectation that the Federal Reserve will be cutting interest rates shortly. Although the Chinese economy grew at its slowest pace in 27 years in the June q...

More Markets

Vector agrees to sell LPG assets for $150m
Markets

Vector agrees to sell LPG assets for $150m

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024
ASX: Australian shares slide to a two-week low as tech drags
Markets

ASX: Australian shares slide to a two-week low as tech drags

Every sector of the Australian share market has lost ground.

AAP 26 Jul 2024
NZ sharemarket down 0.38%
Markets Market close

NZ sharemarket down 0.38%

The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.

Graham Skellern 26 Jul 2024
The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024