NZ dollar stalled; US-China trade deal may be postponed

NZ dollar stalled; US-China trade deal may be postponed
Jenny Ruth
The New Zealand dollar was treading water after a report that the US and China won't be signing their phase-one trade deal this year after all. The kiwi was trading at 64.08 US cents at 5pm in Wellington from 64.10 at 8:20am. The trade-weighted index was at 70.94 from 70.96. Reuters cited trade experts and those close to US President Donald Trump as saying signing the deal could be pushed into 2020 as China seeks more extensive tariff rollbacks. That's with another round of US tariffs on Chinese imports set to take effect from Dec. 15....

More Markets

Chorus broadband expansion makes priority list
Infrastructure

Chorus broadband expansion makes priority list

Chorus claims $17 billion NZ Inc gain for a $3b spend.

Iran conflict underscores dairy’s early-season risk warnings
Primary Sector

Iran conflict underscores dairy’s early-season risk warnings

The Israel-Iran war raises logistics risks for dairy but prices likely to remain steady.

Fletcher Building’s FY result won’t be pretty
Markets

Fletcher Building’s FY result won’t be pretty

No dividends will be paid until the debt target is met. 

Fletcher’s down 3.6%; NZX misses ceasefire rally
Markets Market Close

Fletcher’s down 3.6%; NZX misses ceasefire rally

 Channel Infrastructure has benefited from tensions in the Middle East, an analyst said.

Gregor Thompson 24 Jun 2025