NZ dollar shows signs of consolidation; coronavirus fears persist

Wed, 29 Jan 2020

The New Zealand dollar eased further but appeared to be consolidating in the wake of fears about the economic consequences of the coronavirus crisis. The kiwi was trading at 65.33 US cents at 5pm in Wellington, off the day's low at 65.28 cents but down from 65.43 cents this time yesterday. The trade-weighted index was at 72.04 points from 72.18. The currency has declined from 67.37 US cents on Jan. 2. The death toll in China from the coronavirus has reached at least 132 with almost 6,000 people infected, up from 100 and 4,500 yesterday...

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Markets

Another solar farm gets the nod from Genesis

Genesis Energy has approved the construction of the Edgecumbe Solar Farm in the Bay of Plenty, marking its second major solar commitment in as many months.The company made a final investment decision (FID) on the 136 megawatt peak (MWp) farm, clearing the way for work to begin sh...

Ian Llewellyn 9:40am

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