NZD weakens after Trump steps up pressure on China

NZD weakens after Trump steps up pressure on China
Rebecca Howard
By Rebecca Howard May 6 (BusinessDesk) - The New Zealand dollar weakened after US President Donald Trump stepped up the pressure on China and as investors await rate decisions here and in Australia. The kiwi was trading at 66.03 US cents at 8am versus 66.44 US cents late Friday in New York. The trade-weighted index was at 72.12 from 72.42.  Markets are expected to be volatile today after Trump tweeted he will markedly increase US tariffs on certain Chinese goods at the end of this week. "The trade deal with China continues, but too slo...

More Markets

NZ sharemarket celebrates a near 1% Easter rise
Markets Market close

NZ sharemarket celebrates a near 1% Easter rise

The S&P/NZX 50 Index closed at 12,105.29, up 94.62 points or 0.79%.

Graham Skellern 28 Mar 2024
F&P Healthcare facing $12m bill for product recall
Markets

F&P Healthcare facing $12m bill for product recall

The company will provision the cost in its next full year results.

Staff reporters 28 Mar 2024
Synlait seeking help from major shareholder for $130m debt
Markets

Synlait seeking help from major shareholder for $130m debt

Synlait enters trading halt as it needs more time to come up with cash.