NZ economic growth slows in first quarter as construction activity weakens
By Rebecca Howard June 21 (BusinessDesk) - New Zealand's economic growth eased slightly in line with expectations in the first quarter as a fall in construction activity was offset by growth in the services industries. The primary industries regained some ground. Gross dome...
NZ dollar hovers near 69 US cents amid global trade jitters; domestic GDP looms
By Rebecca Howard June 20 (BusinessDesk) - The New Zealand dollar is hovering around 69 US cents as trade war jitters continue to ramp up but attention could shift to the domestic arena tomorrow if the first quarter gross domestic product data surprises. The kiwi traded at...
NZ first-quarter current account turns to surplus as tourism stays strong
By Rebecca Howard June 20 (BusinessDesk) - New Zealand's current-account turned to a surplus in the first quarter, bolstered by the services balance as tourism remained strong. The unadjusted surplus was $182 million in the three months to March 31 versus a revised fourth-q...
NZ dollar heading for 1.1% weekly decline as greenback strengthens
By Rebecca Howard June 15 (BusinessDesk) - The New Zealand dollar is headed for a 1.1 percent weekly decline against the greenback, which has strengthened in the face of a weaker euro and stronger economic data. The kiwi dollar traded at 69.53 US cents as at 5pm in Wellingt...
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