News | Business
24 Jan 2018 1:04
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Days of Xmas
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Kiwi falls on poll results, US inflation

    The New Zealand dollar has fallen half a cent to US72.37 cents following volatile election polls and news of tax reform progress in the United States.


    The New Zealand dollar has fallen as US Republicans signalled progress on tax reforms and as financial markets await US inflation figures and, for New Zealand, the latest opinion poll.

    The kiwi dollar declined to US72.37 cents as at 8am on Thursday in Wellington from US72.87c late Wednesday. The trade-weighted index fell to 75.51 from 75.78.

    Figures overnight showed US producer prices for final demand rose 0.2 per cent in August after a 0.1 per cent drop in July. The data comes ahead of the consumers price index for August, which is expected to show inflation accelerated to 0.3 per cent from 0.1 per cent the previous month.

    "Firming USD sentiment, together with a bit of exhaustion on the part of the NZD, has seen kiwi drop back to around where it was prior to Tuesday night's political poll that caused all the fireworks," said ANZ Bank senior economist Sharon Zollner.

    "However, there could still be more fireworks to come, with it likely that another poll is out this evening, followed by US CPI figures tonight."

    The Colmar Brunton poll will be keenly watched because it was the same poll last week that surprised markets by putting Labour ahead on 43 per cent to National's 39 per cent. That was reversed in this week's Newshub Reid Research poll, which put National on 47.3 per cent to Labour's 37.8 per cent.

    On Thursday morning, the kiwi fell to 90.63 Australian cents from A90.80c late Wednesday. It declined to 80.01 yen from 80.26 yen and fell to 4.7330 yuan from 4.7543 yuan. The kiwi traded at 60.89 euro cents from 60.81c and traded at 54.80 British pence from 54.76p.


    NZN




    © 2018 NZN, NZCity


     Other Business News
     23 Jan: Over 50 charges about steel mesh product
     23 Jan: Shares mixed; Z drops, Air NZ bounces back
     23 Jan: Feelers out for $300m waterfront partner
     23 Jan: Z Energy cuts annual earnings guidance
     23 Jan: NZ needs to fight tax avoidance: Oxfam
     23 Jan: Root pulls out of England team for T20s
     23 Jan: Chch council gets Havelock response update
     Top Stories

    RUGBY RUGBY
    Donald's Ulster deal off after injury More...


    BUSINESS BUSINESS
    Over 50 charges about steel mesh product More...



     Today's News

    International:
    Dead Sea Scrolls: New discoveries and what they mean 23:06

    International:
    Openly gay Indian prince Manvendra Singh Gohil fights to reform anti-LGBT law 22:06

    Motoring:
    North Island highway closed by flooding 21:56

    Business:
    Over 50 charges about steel mesh product 21:56

    Entertainment:
    Russell Brand wants to provide permanent housing for Windsor's homeless population as a wedding gift to Prince Harry and Meghan Markle 21:51

    Entertainment:
    Brandi Glanville has told Gerard Butler to "f**k off" after he opened up about their past hook-up 21:21

    Soccer:
    Kilkenny parts ways with Melbourne City 21:16

    Entertainment:
    Katy Perry has been stung by a jellyfish whilst trying out a new watersport in the sea 20:51

    Politics:
    Chinese hip hop culture and rap scene target of government crackdown 20:46

    Entertainment:
    Anika Noni Rose has claimed she was once sexually assaulted by a stranger on a plane 20:21


     News Search






    Power Search


    © 2018 New Zealand City Ltd