NZ dollar rises as greenback falters; covid spread shrugged off

NZ dollar rises as greenback falters; covid spread shrugged off
Jenny Ruth
The New Zealand dollar ground higher, driven mainly by US dollar weakness as global markets continue to shrug off continuing bad news of spreading covid-19 infections. The kiwi was trading at 65.83 US cents at 5pm in Wellington from 65.40 cents at the same time yesterday while the trade-weighted index was at 72.37 from 72.21. "We're just seeing broad US dollar weakness right across the board. It's not specific to the kiwi and the Aussie. It's more the absence of risk-off aversion," said Mitchell McIntyre, a dealer at XE. Even though th...

More Markets

NZX lifts 0.2% as markets wait for US Fed decision
Markets Market Close

NZX lifts 0.2% as markets wait for US Fed decision

The S&P/NZX 50 gained 0.2% to 13,234.89 points on Tuesday.

Oceania forecasts sales lift as it targets debt
Property

Oceania forecasts sales lift as it targets debt

It said sales applications had lifted 23% between July and August.

New structure, powers for ComCom
Markets

New structure, powers for ComCom

Groceries, aviation, building supplies, digital services carparking all get a mention.

NZME shareholder Jim Grenon lifts investment in media firm
Markets

NZME shareholder Jim Grenon lifts investment in media firm

NZME shareholder and director Jim Grenon has lifted his investment in the media business for the second time in recent weeks, to just under 18%.A notice to the NZX on Monday stated Grenon had lifted his shareholding from 15.963% to 17.932%, after acquiring 3.7 million shares for...