Markets

MARKET OPEN: Kiwi holds its own as greenback falters, US equities push higher

Rebecca Howard
Thu, 06 Aug 2020

The kiwi dollar continues to hold its own as the greenback is weighed down by poor US data while the domestic share market may take cheer from a lift on Wall Street after positive earnings reports.  The New Zealand dollar was trading at 66.48 US cents 8am in Wellington versus 66.40 cents at 5pm yesterday. The greenback was under pressure after data showed that US private payrolls growth slowed in July as covid-19 cases continued to climb. US cases now number 4.8 million and Reuters reported that New York City will impose covid-19 check...

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