Weak NZ dollar gains respite from better-than-expected Chinese data

Weak NZ dollar gains respite from better-than-expected Chinese data
Jenny Ruth
By Jenny Ruth Sept. 2 (BusinessDesk) - The New Zealand dollar rose after surprisingly strong manufacturing data from China lifted it slightly out of the doldrums, but the prevailing sentiment remains negative. The kiwi was trading at 63.07 US cents at 5:05pm in Wellington from 62.93 cents at 7:55am. The trade-weighted index was at 70.58 from 70.44. The currency fell as low as 62.91 US cents on Friday, the first time it had fallen below 63 in four years. The average level for the currency in the past 10 years was 73 US cents. In Chin...

More Markets

Vector agrees to sell LPG assets for $150m
Markets

Vector agrees to sell LPG assets for $150m

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024
ASX: Australian shares slide to a two-week low as tech drags
Markets

ASX: Australian shares slide to a two-week low as tech drags

Every sector of the Australian share market has lost ground.

AAP 26 Jul 2024
NZ sharemarket down 0.38%
Markets Market close

NZ sharemarket down 0.38%

The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.

Graham Skellern 26 Jul 2024
The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024