NZ dollar jumps to three-month high as US data disappoints

NZ dollar jumps to three-month high as US data disappoints
Gavin Evans
The New Zealand dollar jumped to a three-month high after US manufacturing data came in weaker than expected and equity markets fell on a surprise move by the US to reimpose tariffs on steel and aluminium imports from Brazil and Argentina.The kiwi was trading at 65.02 US cents at 8am from 64.46 cents at 5pm. The trade-weighted index was at 71.97 from 71.48.Equity markets weakened overnight after data from the Institute for Supply Management suggested US factory activity contracted for a fourth month in November, at odds with recent signs of imp...

More Markets

NZ sharemarket rises with gentailers leading
Markets Market close

NZ sharemarket rises with gentailers leading

Electricity gentailers pumped energy into the NZX.

Tom Raynel 09 May 2025
Steven Joyce to chair NZME
Markets

Steven Joyce to chair NZME

Tech expert Bowen Pan will also join, later on. 

Staff reporters 09 May 2025
NZME set to take on Trade Me for car sales
Markets

NZME set to take on Trade Me for car sales

Publicly listed NZME, owner of the NZ Herald and BusinessDesk, says it is exploring a new automotive digital classifieds platform, in a clear bid to take on Trade Me.Seeking to emulate the success of its property platform OneRoof, NZME said on Friday it had signed a memorandum of...

Staff reporters 09 May 2025
Bremworth getting back into synthetics
Primary Sector

Bremworth getting back into synthetics

Albeit in a small, but carefully curated, number of products.

Riley Kennedy 09 May 2025