NZ dollar tumbles as markets focus on likely RBNZ rate cut

NZ dollar tumbles as markets focus on likely RBNZ rate cut
Rebecca Howard
By Rebecca Howard July 26 (BusinessDesk) - The New Zealand dollar is sharply weaker as markets focus on a likely rate cut in early August, in particular after the head of the Australian central bank said he's ready to cut rates if necessary.   The kiwi was trading at 66.57 US cents versus 66.95 US cents at 5pm in Wellington and the  trade-weighted index eased to 73.08 points from 73.39. Kiwibank trader Mike Shirley said the fall in the kiwi was kicked off when RBA governor Philip Lowe told the Anika Foundation lunch that "if demand gro...

More Policy

Workplace safety: Compliance equals protection
Policy

Workplace safety: Compliance equals protection

The Govt says health and safety obligations will be clearer within a new system of rules.

Credit card issuers fear ComCom proposals
Finance

Credit card issuers fear ComCom proposals

The proposed regulations will stifle banking competition, says Mastercard.

Pattrick Smellie 02 Apr 2025
Health and safety change for directors
Policy

Health and safety change for directors

Govt to clarify managers are responsible for managing day-to-day health and safety risks.

Dileepa Fonseka 02 Apr 2025
Supermarkets face break-up threat
Retail

Supermarkets face break-up threat

Forced and voluntary divestments are among potential outcomes.

Pattrick Smellie 30 Mar 2025