NZ dollar extends gain as commodity currencies rally
The New Zealand dollar extended its recent gains as commodity currencies rallied on the prospect of a US-China trade deal next week and as year-end profit-taking saw the US dollar sold-off. The kiwi, already at a five-month high, was trading at 67.34 US cents at 1pm in Welling...
Power sector keen to avoid election-year focus
Electricity retailers will be hoping recent low wholesale power prices persist into 2020 as the industry tries to avoid becoming a political football in election year.Eighteen months of sustained high prices came to an abrupt end late December as flooding in the lower South Islan...
NZ dollar pushes through 67 US cents on exporter buying
The New Zealand dollar pushed through 67 US cents as exporters converted foreign sales proceeds for year-end and on expectations a preliminary trade deal between the US and China will be signed. The kiwi, already at a five-month high, was trading at 67.11 US cents at 5pm in We...
NZ dollar reaches 5-month high as US-China trade deal nears
The New Zealand dollar climbed to a five-month high, buoyed by the imminent signing of a preliminary trade deal between the US and China and strong fundamentals for the local economy. The kiwi was trading at 66.79 US cents at 5pm in Wellington, from 66.69 cents yesterday and 6...
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