The New Zealand dollar fell ahead of second-quarter inflation figures tomorrow that are expected to confirm price pressures remain tepid, keeping interest rates low for now.
The New Zealand dollar is heading for a 0.4 percent weekly decline having lurched more than 1 US cent during the week in response to the US announcement that it plans to impose tariffs on a further US$200 billion of Chinese imports.
The New Zealand dollar fell below 68 US cents on heightened trade tensions between the US and China, which weighed on commodity-related currencies.
The New Zealand dollar fell after the US unveiled a list of US$200 billion of Chinese imports facing a new 10 percent tariff prompting China to say it will be forced to retaliate and revive fears of a trade war.
The New Zealand dollar traded little changed near a two-week high as record short positioning and a modest pickup in risk appetite made up for a lack of market-moving economic data or events.
The New Zealand dollar extended its gains against the pound on resignations from British PM Theresa May's government and may advance against the US dollar in the face of increased bets against the kiwi currency.
Blue Sky Meats, which sells chilled and frozen meats under two B2B brands, is on track to roll-out direct to consumer products in 2019 and is market-testing a strategy that may try to make a virtue out of being a minnow.
Seeka, New Zealand's biggest kiwifruit grower, is putting nine orchards up for sale including six it recently acquired from T &G Global in a deal that targeted T &G's packhouse facilities and assets in Northland.
Steel & Tube Holdings' new chief executive Mark Malpass says the company paid too much enter the irrigation sector, struggled to compete against bigger rivals and ended up writing off its investment to return focus to its core steel business.
Summerset Group said first-half profit rose as much as 26 percent as stronger development margins made up for a lower volume of new sales.