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

Apprenticeships to be moved to new industry skills boards
Policy

Apprenticeships to be moved to new industry skills boards

Vocational Education Minister says new training model will help build skills.

Maria Slade 24 Apr 2025
Ministry of Justice seeks market feedback on courthouse PPPs
Policy

Ministry of Justice seeks market feedback on courthouse PPPs

Want to build and maintain three courthouses for 25 years? Now's your chance.

Oliver Lewis 24 Apr 2025
Foreign investors show ‘increased interest’ in NZ
Policy

Foreign investors show ‘increased interest’ in NZ

Pension funds are reportedly cooling on the US. Could NZ stand to benefit?

Oliver Lewis 22 Apr 2025
Rise in liquidations compounded by IRD crackdown
Economy

Rise in liquidations compounded by IRD crackdown

The IRD filed two-thirds of creditor applications in the March quarter.

Gregor Thompson 22 Apr 2025