
NZX50 drops as North Korean tension escalates
The New Zealand benchmark stock index dropped 1 per cent this morning.
The New Zealand benchmark stock index dropped 1 per cent this morning.
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The New Zealand dollar was little changed, having fallen this week.
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NZ commodity prices dipped in July, with meat prices down for the first time this year.
The dollar remained under pressure after yesterday's weaker than expected employment data.
The kiwi dollar declined to 74.70 US cents as at 8am in Wellington.
The New Zealand dollar fell to a two-week low against the euro.
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The greenback fell after GDP grew less than expected in the second quarter.
The New Zealand dollar was weaker after the greenback clawed back some of its losses.
The kiwi reached the highest level in more than two years against the greenback.
The kiwi fell to 74.09 US cents at 8.30am in Wellington from 74.38 cents late yesterday.
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The New Zealand dollar was little changed near a 10-month high after mixed US data.
The New Zealand dollar fell to a two-month low against a resurgent Australian dollar.
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The kiwi rose to 73.53 US cents as at 8:30am from 73.38 cents late yesterday.
It fell ahead of inflation data which is expected to come in weaker than forecast.
The kiwi traded at 73.42 US cents as at 8am in Wellington.
New Zealand shares rose today led by retirement stocks Metlifecare and Summerset Group.
Other companies on NZX's small-cap indexes are mulling their future as listed entities.
The kiwi rose amid speculation the Reserve Bank may be more inclined to hike rates.