NZ dollar rises against Aussie as business confidence there weakens

NZ dollar rises against Aussie as business confidence there weakens
Rebecca Howard
By Rebecca Howard July 9 (BusinessDesk) - The New Zealand dollar rose against its Australian counterpart after weak business confidence data across the Tasman. The kiwi was trading at 95.19 Australian cents at 5pm from 94.95 cents at 8am. It was at 66.29 US cents from 66.20 cents. National Australia Bank’s index of business conditions rose 2 points to +3 index points, reversing a decline in May. In contrast, the survey’s measure of business confidence retraced its gains and fell 5 points to +2 index points in June. “Overall, the sur...

More Markets

Rocket Lab looks to raise up to US$500 million
Markets

Rocket Lab looks to raise up to US$500 million

The money will fund acquisitions and general corporate and working capital purposes.

The who’s who of NZME’s board hopefuls
Markets

The who’s who of NZME’s board hopefuls

Who are the players causing ripples in investor and media circles?

Duke pins recovery hopes on lower interest rates
Retail

Duke pins recovery hopes on lower interest rates

The Briscoe Group chief said he is ‘thrilled to bits’ with the full-year result.

NZSA waves red flags over NZME 'takeover by stealth'
Markets

NZSA waves red flags over NZME 'takeover by stealth'

Billionaire's bid to 'transfer control' of media company raises ire of NZSA.