NZ dollar sinks on dramatic coronavirus impact

NZ dollar sinks on dramatic coronavirus impact
Jenny Ruth
The New Zealand dollar was weaker but off the day's lows after an enormous slump in Chinese manufacturing data brought home the economic consequences of the coronavirus crisis. The kiwi was trading at 62.29 US cents at 5pm in Wellington from 62.51 cents in New York on Friday but off the low early this morning of 61.76 cents. The trade-weighted index was at 69.51 points from 70.03 at 5pm on Friday. The official Chinese Purchasing Manager's Index data released on Saturday showed manufacturing activity contracted sharply to its lowest ever l...

More Markets

NZ sharemarket up 0.4% to end the week
Markets Market close

NZ sharemarket up 0.4% to end the week

The S&P/NZX 50 Index closed at 11,794.81, up 48.15 points or 0.41%.

Graham Skellern 05 Jul 2024
Australian shares rally as dollar hits six-month high
Markets Aus Market Wrap

Australian shares rally as dollar hits six-month high

The ASX200 has risen 1.2% to hit a nine-day high.

AAP 05 Jul 2024
NZ sharemarket down, Oz and US stocks climb
Markets Market close

NZ sharemarket down, Oz and US stocks climb

The S&P/NZX 50 Index closed at 11,746.66, down 44.26 points or 0.38%.

Graham Skellern 04 Jul 2024
Summerset anticipates flat 1H underlying profit
Markets

Summerset anticipates flat 1H underlying profit

The company is NZ's best-performing retirement village operator.

Gregor Thompson 04 Jul 2024