Subscribe today - find out more
Why you should consider BusinessDesk

NZ dollar rises on lift in Chinese manufacturing, more gains seen for dairy

Jonathan Underhill
Thu, 01 Oct 2015

By Jonathan Underhill Oct. 1 (BusinessDesk) - The New Zealand dollar rose after an official measure of manufacturing in China improved last month and traders bet next week's dairy auction will herald further gains in prices. The kiwi rose to 64.08 US cents as at 5pm in Wellington, from 63.65 cents late yesterday. The trade-weighted index advanced to 69.82 from 69.42. China's official Purchasing Managers' Index rose to 49.8 last month from 49.7 in August, and while still showing contraction below the 50 level was better than analysts ha...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

On the Money
On the Money: Richard Chandler charging into 2022, Jane Hrdlicka, Grant Baker, and more
Rebecca Stevenson | Sat, 22 Jan 2022

OTM this week: flying high with Richard Chandler, an ace on ignoring the elephant in the room, a new Robbo-cop comes to town, and more. 

Opinion
Is New Zealand’s population too low?
Brian Gaynor | Sat, 22 Jan 2022

Our relatively small population has proven a huge disadvantage to NZ companies that expand offshore, particularly when they experience headwinds.

Markets Market Close
NZ shares finish shocker week down 3.5%
Dan Brunskill | Fri, 21 Jan 2022

A well-known investor released a paper overnight warning this was the end of a "superbubble" in US markets. 

Sponsored
Grape expectation for first major wine auction

Buying wine at auction can be a smart way to build your cellar or discover a world of wine

Sponsored
How to pick the perfect real estate investment now

Now is a good time to get on the property investment ladder - here is how to get there.