Firmer NZ dollar stuck in tight range in jittery market

Tue, 07 Jan 2020

The New Zealand dollar firmed but stuck to a tight range as markets await further developments on the geopolitical front. The kiwi was trading at 66.73 US cents at 5pm in Wellington versus 66.50 cents yesterday. The trade-weighted index was at 73.04 from 72.88. The kiwi got an overnight lift when improvements in global services indicators helped underpin sentiment but “we’ve seen a fairly narrow trading band over the course of today,” said Kiwibank trader Mike Shirley. In the US, business activity growth accelerated to a five-month hig...

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