NZ dollar lower on stronger than expected US retail data

NZ dollar lower on stronger than expected US retail data
Rebecca Howard
By Rebecca Howard June 17 (BusinessDesk) - The New Zealand dollar was trading lower after stronger than expected US retail data ahead of the Federal Reserve's meeting this week.  The kiwi was trading at 64.91 US cents from 65.34 US cents at 5pm in Wellington Friday. The trade-weighted index was at 71.61 from 71.89.  US retail sales lifted in May and April was also revised higher, suggesting a pick-up in consumer spending and easing fears about an economic slowdown. Headline retail sales rose 0.5 percent on the month in May, from a r...

More Retail

Card spending eases in November vs October
Retail

Card spending eases in November vs October

But there is cheer for the hospitality industry. 

ForBarr raises Hallenstein Glasson target price 20%
Retail

ForBarr raises Hallenstein Glasson target price 20%

The outlook in the golden country is golden, they say.

Gregor Thompson 11 Dec 2024
Supermarkets say ‘errors’ behind ComCom criminal charges
Retail

Supermarkets say ‘errors’ behind ComCom criminal charges

ComCom has filed criminal charges against Woolworths and two Foodstuffs supermarkets. 

Gregor Thompson 11 Dec 2024
NZSA opposes Hallensteins chair re-election
Retail

NZSA opposes Hallensteins chair re-election

Hallenstein Glasson chair Warren Bell was appointed to the board in 1986.

Gregor Thompson 10 Dec 2024