NZ dollar weakens against greenback despite higher dairy prices

NZ dollar weakens against greenback despite higher dairy prices
Jenny Ruth
The New Zealand dollar was slightly weaker against the greenback with the 14 percent jump in the price of whole milk powder, NZ's biggest export, helping offset a weaker tone in global share markets. The kiwi was trading at 65.40 US cents at 5pm in Wellington from 65.54 cents at the same time yesterday while the trade-weighted index was unchanged at 72.21. The domestic currency was higher against the Aussie at 94.24 cents from 94.04 cents at 5pm yesterday after the Victorian state government re-shuttered large swathes of its population fo...

More Markets

Warehouse drops guidance, loss now in scope
Retail

Warehouse drops guidance, loss now in scope

The retailer has raised the possibility of a full-year earnings loss.

Xero’s Melio ‘leap of faith’
Markets Analysis

Xero’s Melio ‘leap of faith’

The NZ-founded company’s giant-killer dreams in the US hinge on this huge bet. 

NZX ends half year down 3.6%
Markets Market Close

NZX ends half year down 3.6%

"We’ve continued to lag relative to other markets," analyst says.

Gregor Thompson 30 Jun 2025