Weaker NZ dollar lifts off its lows after RBA more upbeat

Weaker NZ dollar lifts off its lows after RBA more upbeat
Jenny Ruth
The weaker New Zealand dollar lifted off its lows after the Reserve Bank of Australia maintained its settings and reiterated its commitment "to do what it can to support jobs, incomes and businesses in Australia." The kiwi was trading at 66.00 US cents at 5pm in Wellington, off the overnight low at 65.75 cents, from 66.35 cents at the same time yesterday while the trade-weighted index was at 71.94 from 72.13. The RBA held its cash rate steady at 0.25 percent and said its actions are helping to keep funding costs low while assisting with t...

More Markets

Spark paving the way for margin-focused future
Markets

Spark paving the way for margin-focused future

The telco’s unexciting half-year results give a glimpse of its hopes for the future.

How Gentrack made its India expansion work
Markets

How Gentrack made its India expansion work

Gentrack boss on the importance of local leadership.

RBNZ rate call gives NZ stocks a boost
Markets Market close

RBNZ rate call gives NZ stocks a boost

The S&P/NZX50 index ended at 11,763.32, up 68.71 points or 0.59%.

Jamie Gray 28 Feb 2024
Skincare brand Me Today to sell King Honey as losses climb
Markets

Skincare brand Me Today to sell King Honey as losses climb

Former Trilogy CEO Stephen Sinclair will take the helm.

Gregor Thompson 28 Feb 2024