NZ dollar falls more than half a US cent on Spain banking concerns, Greek opinion polls

Wed, 30 May 2012

By Hannah Lynch May 31 (BusinessDesk) - The New Zealand dollar fell more than half a US cent amid concerns over how Spain will shore up its banking sector and an opinion poll showed growing support for Greece's anti-bail-out party, sapping demand for growth-linked currencies like the kiwi. The New Zealand dollar fell to 75.40 US cents just before 8am from 76.03 cents yesterday at 5pm. The trade weighted index decreased to 69.14 from 69.48. Investors' concerns are mounting about how the Spanish government plans to recapitalise its banking se...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close
NZ shares fall as market rally evaporates
Dan Brunskill | Wed, 29 Jun 2022

A survey showed US consumer confidence was at its lowest since 2013.

Bloomberg
Donald Trump Steers Himself into a Legal Morass
Bloomberg | Wed, 29 Jun 2022

I don’t think anyone can doubt that Trump committed crimes, based on the testimony we’ve heard. Serious crimes. 

Infrastructure
Kiwi chair Mark Ford says property values may fall 5-10%
Jenny Ruth | Wed, 29 Jun 2022

Many of the factors weighing on Kiwi Property's share price are beyond its control, chair Mark Ford told shareholders.

Sponsored
Investments to sustain the momentum of building in NZ

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

Sponsored
High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.