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

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