Roller-coaster day for kiwi dollar

Roller-coaster day for kiwi dollar
Jenny Ruth
The New Zealand dollar had a roller-coaster day, tossed around by various pieces of geopolitical news, but ended the local trading day little-changed from the open after a strong rebound in domestic business confidence. The kiwi was trading at 64.22 US cents at 5.10 pm in Wellington, up from its low at 64.01 around midday, but barely different from 64.24 cents at 8.10am, while the trade-weighted index was at 71.24 points from 71.19. The latest ANZ Bank survey found that although businesses remain pessimistic about the economy, they are be...

More Markets

NZ sharemarket down 1.13% for the week
Markets Market close

NZ sharemarket down 1.13% for the week

The S&P/NZX 50 Index closed at 11,796.21, down 39.83 points or 0.34%.

Graham Skellern 19 Apr 2024
Bell Potter boosts Santana target price 53.5%
Primary Sector

Bell Potter boosts Santana target price 53.5%

Aussie brokers increasingly like the look of a low-cost, high yield Otago gold play.

Pattrick Smellie 19 Apr 2024
Anna Palairet appointed Fonterra's chief operating officer
Primary Sector

Anna Palairet appointed Fonterra's chief operating officer

Having acted in the role since June last year, she replaces Fraser Whineray.

Riley Kennedy 19 Apr 2024
Analysts upbeat about Tower's latest guidance
Markets

Analysts upbeat about Tower's latest guidance

The insurer's shares have gained 36% so far this year. 

Rebecca Howard 19 Apr 2024