Subscribe today - find out more
Why you should consider BusinessDesk
Markets

NZ dollar weakens ahead of RBNZ monetary policy statement

Jenny Ruth
Tue, 11 Feb 2020

The New Zealand dollar fell further ahead of the Reserve Bank's monetary policy decision due tomorrow with investors increasingly bearish about the impact of the coronavirus crisis on the domestic economy. The kiwi was trading at 63.87 US cents at 5pm in Wellington, off the day's low at 63.76 cents but down from 64.06 cents at the same time yesterday. The trade-weighted index fell to 70.93 points from 71.17. "The market's getting quite beared up ahead of tomorrow. The market's definitely coming in for a more bearish statement tomorrow," s...

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.