NZ dollar holds above 64 US cents on improved local data, dairy outlook
By Gavin Evans | Tue, 19 Nov 2019
The New Zealand dollar held above 64 US cents on the back of improving local data and the prospect of a further lift in prices at the next Global Dairy Trade auction. The kiwi was barely changed at...
MARKET CLOSE: NZ shares fall as Sky TV, Steel & Tube warn on earnings
By Paul McBeth | Mon, 18 Nov 2019
New Zealand shares fell as investor confidence was dented by profit warnings from Sky Network Television and Steel & Tube Holdings. The S&P/NZX 50 Index declined 21.54 points, or 0.2 percent, to 1...
NZ dollar becalmed, awaiting reasons to move
By Jenny Ruth | Mon, 18 Nov 2019
The New Zealand dollar was little changed as the market awaited further explanations from central banks in Australia and the United States of their current monetary policy stances and for further news...
A2 Milk's AGM should sort the bulls from the bears
By Jenny Ruth | Mon, 18 Nov 2019
Domestic business news this week is likely to be dominated by results from companies such as Ryman Healthcare and Napier Port as well as outlook comments at annual shareholders' meetings, including he...
NZ dollar maintains gains on China-US talks, local rate outlook
By Gavin Evans | Mon, 18 Nov 2019
The New Zealand dollar consolidated Friday’s gains amid signs of progress toward an interim trade deal between the US and China and increasing confidence that the Reserve Bank is unlikely to cut inter...
MARKET CLOSE: NZ shares edge lower; power companies under pressure
By Paul McBeth | Fri, 15 Nov 2019
New Zealand shares edged lower as electricity companies remained under pressure as the future of the Tiwai Point smelter remains uncertain and after a weak operating update from Contact Energy. Th...
NZ dollar rises as bets on another OCR cut fade
By Jenny Ruth | Fri, 15 Nov 2019
The New Zealand dollar rebounded amid renewed debate on whether the Reserve Bank will cut interest rates again from current record lows at the same time as the market increased the odds of two more ra...
NZ dollar slips on slew of weak global data, lack of US-China progress
By Gavin Evans | Fri, 15 Nov 2019
The New Zealand dollar softened further overnight, with a string of weak economic data and the lack of progress on China-US trade weighing on sentiment. The kiwi was trading at 63.63 US cents at 8a...
MARKET CLOSE: NZ shares recover as investors re-think RBNZ review
By Paul McBeth | Thu, 14 Nov 2019
New Zealand shares recovered some of yesterday’s sell-off as investors digested the impact of the Reserve Bank's announcement yesterday of an unchanged 1 percent cash rate on high-yield stocks. The...
NZ dollar falls on weak Aussie jobs numbers, poor China data
By Jenny Ruth | Thu, 14 Nov 2019
The New Zealand dollar was weaker, dragged lower by unexpectedly weak jobs numbers in Australia and a raft of soft Chinese data. The kiwi was trading at 63.88 US cents at 5pm in Wellington from 64....
NZ dollar extends gains, aided by US-China trade doubts
By Gavin Evans | Thu, 14 Nov 2019
The New Zealand dollar extended its gains overnight, with weaker prospects for an early US-China trade deal building on gains from the Reserve Bank’s surprise decision yesterday to hold interest rates...
MARKET CLOSE: NZ shares sink after RBNZ keeps OCR at 1%
By Victoria Young | Wed, 13 Nov 2019
New Zealand shares fell after the Reserve Bank surprised investors by keeping the official cash rate at 1 percent, meaning stocks held for reliable dividends didn't become even more attractive from ev...