NZ dollar extends rally as Spanish bank bailout stokes Asian equities

Mon, 11 Jun 2012

By Paul McBeth June 11 (BusinessDesk) - The New Zealand dollar extended its rally in local trading as Europe's 100 billion euro bailout for Spain's struggling banking sector stoked investor confidence, and pushed up stock markets around Asia. The kiwi rose to 77.65 US cents at 5pm from 77.53 cents at 8am, and was up from 76.95 cents on Friday in New York. The trade-weighted index gained to 70.48 from 70.17 last week. Stock across Asia rallied in afternoon trading after Spain secured a regional bailout for its banks, with Japan's Nikkei 225...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

My Net Worth FREE
My Net Worth: Zac Stephenson, managing director, MediaCom
Daniel Dunkley | Sun, 03 Jul 2022

MediaCom managing director Zac Stephenson says he's proud of surviving in the media industry, which can be stressful and intense. 

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.