NZ dollar weakens as US coronavirus crisis worsens

NZ dollar weakens as US coronavirus crisis worsens
Jenny Ruth
The New Zealand dollar was slightly weaker, remaining in the range it's languished in for more than a week, as traders eye the worsening coronavirus situation in the United States. The kiwi was trading at 65.42 US cents at 5pm in Wellington from 65.65 cents at the same time yesterday and 65.79 cents in New York last Friday. The trade-weighted index was at 72.06 from 72.22. The US reported more than 73,000 new covid-19 cases on Thursday – Reuters is reporting its own tally of the number is more than 77,000 – and the number of deaths is als...

More Markets

NZ sharemarket drops after weak GDP data
Markets Market Close

NZ sharemarket drops after weak GDP data

Stats NZ data showed NZ's gross domestic product fell 0.9% in the June quarter.

Craigs beefs up in Hawkes Bay, eyes further expansion
Finance

Craigs beefs up in Hawkes Bay, eyes further expansion

Craigs looks to further expansion as it confirms the Somerset Smith Partners deal.

NZ dollar on watch ahead of 3Q GDP, Fed signals
Markets

NZ dollar on watch ahead of 3Q GDP, Fed signals

Economists expect NZ GDP to shrink 0.3% in the June quarter after March growth.

Seeking a faster, sharper ComCom
Economy

Seeking a faster, sharper ComCom

A ‘gold standard’ approach and siloed structure slow the ComCom down.