NZ dollar rise pinches big exporters
The NZ dollar was sitting at 62.42 US cents on Monday and was up almost 2 US cents to 64.57 by the end of today – up from 63.95 US cents on Thursday.
The S&P/NZX 50 index fell 29.4 points, or 0.25%, to 11,730.52. Turnover on the main board was light at just $81.1 million.
Jarden wealth management director Greg Main said it had been a mostly quiet week for the market and investors were waiting for Monday to roll around so earnings season could finally kick off.
Export stocks to feel the pinch today were manufacturer Fisher & Paykel Healthcare and logistics firm Mainfreight.
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