NZ dollar weakens on strong US data, trade tensions

NZ dollar weakens on strong US data, trade tensions
Rebecca Howard
By Rebecca Howard May 17 (BusinessDesk) - The New Zealand dollar opened weaker after stronger than expected US data gave the greenback a lift and as trade tensions continue to dampen risk appetite. The kiwi was trading at 65.37 at 8am in Wellington versus 65.51 late yesterday. The trade-weighted index was at 72.04  from 72.06.  The Philadelphia Fed manufacturing index for May rose to a four-month high of 16.6 after registering 8.5 in April, MarketWatch reported. Economists had expected 10.1. The Commerce Department also reported that g...

More Markets

Fed, tariff fears send Dow down over 900 points
Markets

Fed, tariff fears send Dow down over 900 points

Blue-chip index heads for its worst April since 1932.

Ebos buys Vital Petfoods assets from receiver
Markets

Ebos buys Vital Petfoods assets from receiver

Distressed assets have been snapped up by the pet food maker.

Denise McNabb 18 Apr 2025
Tourism Holdings and inflation updates drive NZX up
Markets Market close

Tourism Holdings and inflation updates drive NZX up

Tourism Holdings could be one of the most directly impacted shares of the US tariffs.

Tom Raynel 17 Apr 2025