NZ dollar becalmed, awaiting reasons to move

Jenny Ruth
Mon, 18 Nov 2019

The New Zealand dollar was little changed as the market awaited further explanations from central banks in Australia and the United States of their current monetary policy stances and for further news on whether the US and China will sign their long-promised interim trade deal. The kiwi was unchanged at 64.02 US cents at 5pm in Wellington from 8am while the trade-weighted index was at 70.72 points from 70.75. The domestic currency traded an unusually narrow 15-point range. "It's eye-catching for its stability," says Imre Speizer, curre...

Try us for 10 days free

Each day we publish 10 to 20 originally-reported news stories on New Zealand business and the political economy.

You also get:

Instant alerts based on any keywords you choose.
A custom library of your saved stories.
An industry-leading search engine

After your trial subscriptions cost $24 a month or $249 a year.

If you don’t like our news service, we make it easy to quit with our one-button cancel.

Find out more

Markets

MARKET CLOSE: Reserve Bank measures limit virus-driven stock slide

Dan Brunskill | Wed, 12 Aug 2020

Reserve Bank stimulus helped soften a fall by New Zealand equities as investors reacted to a covid-19 flare-up which has put Auckland back into a level-3 lockdown. The S&P/NZX 50 Index declined 153...

PETER GRIFFIN: Tracing tech still running to catch up

Peter Griffin | Wed, 12 Aug 2020

We should have gone back into our state of covid-19 lockdown with an effective digital contact tracing technology in place.

Economy

UPDATE: RBNZ revs up the printing press, doesn't rule out negative rates

Rebecca Howard | Wed, 12 Aug 2020

(Updates to add comment from RBNZ governor and assistant governor) The Reserve Bank kept the official cash rate at a record low 0.25 percent but expanded its large-scale asset purchase programme t...

Partner Content

How to future-proof your business

Keeping up with the ever-changing digital age can be daunting, and executives around the world are continually striving to improve their operations by embracing digital transformation, the new way of working that transcends traditional and outdated business practices.

Partner content

Don’t fear the robots. How software can help your business succeed

New Zealand businesses are on the road to recovery from the economic impact of the Covid-19 crisis but they, like corporates around the world, are having to change their operational practices.