NZ dollar holds above 65 US cents; dairy auction prices mixed

NZ dollar holds above 65 US cents; dairy auction prices mixed
Gavin Evans
The New Zealand dollar held its ground above 65 US cents with improved milk powder prices helping offset increasing global trade concerns. The kiwi was trading at 65.15 US cents at 8am, up from 65.06 cents at 5pm but down from the overnight high of 65.33 cents. The trade-weighted index was at 72.07 from 72.01. Milk powder prices edged higher at the latest Global Dairy Trade auction overnight, although weaker butter prices brought the overall index down 0.5 percent – its first decline since early September. Whole milk powder, already at...

More Markets

NZ sharemarket celebrates a near 1% Easter rise
Markets Market close

NZ sharemarket celebrates a near 1% Easter rise

The S&P/NZX 50 Index closed at 12,105.29, up 94.62 points or 0.79%.

Graham Skellern 28 Mar 2024
F&P Healthcare facing $12m bill for product recall
Markets

F&P Healthcare facing $12m bill for product recall

The company will provision the cost in its next full year results.

Staff reporters 28 Mar 2024
Synlait seeking help from major shareholder for $130m debt
Markets

Synlait seeking help from major shareholder for $130m debt

Synlait enters trading halt as it needs more time to come up with cash.