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.

Ex-public servant Peter Crabtree to lead board of space tech startup Zenno
Ben Moore | Mon, 08 Aug 2022

The former head of the NZ space agency delved into the private sector after leaving the government last year.

Vital Healthcare pushes NZ portfolio past $1b
Brent Melville | Mon, 08 Aug 2022

The specialist healthcare property trust has been actively adding NZ properties to its asset base, now valued at almost a third of its $3.3 billion portfolio.

NZ stuck on primary export path, says MBIE research
Jem Traylen | Mon, 08 Aug 2022

MBIE research shows we're world-class farmers so ... we should stay farming,  says MBIE.

Energy of the future: Why we need innovation

The Tomorrow’s Energy Today conference is looking at ways to develop a clean, affordable and reliable energy future, says Brendan Winitana, chair of the Sustainable Energy Association New Zealand (SEANZ).

David Kelly: 'We must learn from past mistakes'

The CEO of the Registered Master Builders Association calls for the government and the building sector to create more resilience.