NZ dollar weighed by tensions in Hong Kong, political turmoil in Argentina

NZ dollar weighed by tensions in Hong Kong, political turmoil in Argentina
Rebecca Howard
By Rebecca Howard Aug. 13 (BusinessDesk) - The New Zealand dollar fell as global risk appetite was dented by escalating tensions in Hong Kong and political ructions in Argentina. The kiwi was trading at 64.46 US cents at 8am versus 64.69 US cents at 5:05pm in Wellington. The trade-weighted index was at 71.71 points from 71.88 points. “Risk-off was the central theme of the overnight session,” said Kiwibank trader Mike Shirley, who pointed to ongoing protests in Hong Kong and political disruption in Argentina. The Argentine peso tumbl...

More Markets

The pros and cons of Sky’s big deal
Markets

Eden Bradfield: The pros and cons of Sky’s big deal

You'd best hope streaming and advertising revenue make up for the $1 purchase.

Infratil and Ebos help drive NZ stocks higher
Markets Market Close

Infratil and Ebos help drive NZ stocks higher

Infrastructure investor helped the sharemarket end the week on a positive note.

Tom Raynel 25 Jul 2025
Bathurst fails to strike-out Talley's claims
Markets

Bathurst fails to strike-out Talley's claims

Talley's is alleging Companies Act breaches by its coal JV partner.

Pattrick Smellie 25 Jul 2025
New CFO for KMD Brands
Markets

New CFO for KMD Brands

Carla Webb-Sear has been appointed group chief financial officer for KMD Brands.She will join the group executive team on Aug 4 and report to Brent Scrimshaw, group chief executive and managing director.She joins KMD Brands from Qantas, where she was chief financial and strategy...

Staff reporters 25 Jul 2025