NZ dollar weakens on US criticism of China, Brexit ructions

NZ dollar weakens on US criticism of China, Brexit ructions
Jenny Ruth
The New Zealand dollar slumped on fears US criticism of China would hurt the chances of a US-China trade agreement and as the Brexit impasse appears to be leading to a general election in Britain. The kiwi was trading at 63.69 US cents at 5pm in Wellington from 63.82 cents at 8:10am. The trade-weighted index was at 70.49 points from 70.62. In a much-awaited speech, US Vice-President Mike Pence made a series of wide-ranging criticisms of China, from its predatory trade practices to jailing Muslim minorities and trying to stamp out corporat...

More Markets

NZX 50 ends the week down 1.5% in flurry of index reweighting
Markets Market close

NZX 50 ends the week down 1.5% in flurry of index reweighting

The S&P/NZX 50 index dropped 89.42 points, or 0.8%, to 11,682.39.

Paul McBeth 21 Jun 2024
KMD Brands guidance undershoots analysts' forecasts
Retail

KMD Brands guidance undershoots analysts' forecasts

Group sales between February and May have fallen 8.4% year-on-year.

Analysts downgrade Channel Infrastructure
Infrastructure

Analysts downgrade Channel Infrastructure

The move follows BP's selling its stake.

Ian Llewellyn 21 Jun 2024
NZ shares rally as economy edges out of recession
Markets Market close

NZ shares rally as economy edges out of recession

The S&P/NZX 50 index rose 100.62 points, or 0.9%, to 11,771.81.

Paul McBeth 20 Jun 2024