NZ dollar treads water after rate cut turmoil

NZ dollar treads water after rate cut turmoil
Jenny Ruth
By Jenny Ruth Aug. 8 (BusinessDesk) - The New Zealand dollar was little changed as the market absorbed the turmoil created in recent days by better-than-expected jobs data and the Reserve Bank’s surprise 50 basis point cut in its official cash rate. The kiwi was trading at 64.56 US cents at 5pm in Wellington from 64.55 cents at 7:50am. It has fallen from 65.28 cents ahead of the jobs data on Tuesday and from 65.44 cents just before yesterday's rate cut announcement. The trade-weighted index was at 71.71 points from 71.77. “I would desc...

More Policy

Antarctica NZ appoints LT McGuinness to Scott Base project
Policy

Antarctica NZ appoints LT McGuinness to Scott Base project

The family-owned company beat five other firms to win the high-profile contract.

Oliver Lewis 16 Jun 2025
Extraordinary's pre-tax public transport perks for workers
Finance

Extraordinary's pre-tax public transport perks for workers

Wayne Brown has endorsed a new way for employers to cut commuting costs.

Oliver Lewis 16 Jun 2025
EPA tips firm on fast-track list into liquidation
Policy

EPA tips firm on fast-track list into liquidation

Energy Farms changed its name the same day it was liquidated.

Gregor Thompson 13 Jun 2025
Massive shake-up for Auckland planning rules
Policy

Massive shake-up for Auckland planning rules

RMA Reform Minister Chris Bishop pushes council to upzone around the $5.5b CRL.

Oliver Lewis 11 Jun 2025