NZ dollar rises from 2-year low at start of third quarter on EU deal, weaker greenback

Sun, 01 Jul 2018

By Jonathan Underhill July 2 (BusinessDesk) - The New Zealand dollar rose from a two-year low after European Union leaders announced restrictions on migrants, boosting the euro and weighing on the greenback. The kiwi dollar traded at 67.72 US cents as at 8:30am in Wellington from 67.64 cents in late New York trading on Friday. It sank as low as 67.34 cents last week, the lowest since June 2016. The trade-weighted index rose to 72.35 from 72.21. The 28 EU leaders agreed to set up migrant processing centres and take collective responsib...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

On the Money

On the Money: Jason Paris, Carmen Vicelich, and more

One NZ's Jason Paris gets a little excited, Carmen Vicelich on the catwalk, and more.

Dileepa Fonseka 30 Aug 2025

Technology Opinion

Doubts about SpaceX’s dominance? Look at this

The success of the Starship test brings Musk’s dream of reaching Mars closer to reality.

Bloomberg 30 Aug 2025

Doubts about SpaceX’s dominance? Look at this

World

If Trump fails at peace in Ukraine

A war Vladimir Putin can’t figure out how to end is likely to get bigger eventually.

The Wall Street Journal 30 Aug 2025

Sponsored

A two-track approach to cracking NZ’s EV charging puzzle

Z Energy aims to support easing adoption bottlenecks by targeting the distinct needs of habitual and journey EV drivers.

Z Energy

Sponsored

AI efforts risk failure without clear business goals – Spark

It’s time for New Zealand businesses to move beyond AI experiments and start delivering measurable value.

Spark