High-flying kiwi to push higher on upbeat Treasury

Wed, 16 Dec 2020

A better outlook in the Treasury’s half-year economic and fiscal update, a lift in global dairy prices and a positive mood from offshore will keep the New Zealand dollar strong. The kiwi was trading at 70.92 US cents at 8am versus 70.75 cents at 5pm in Wellington following the revived optimism in overseas markets.Stocks on Wall Street lifted on progress towards a massive stimulus package after House speaker Nancy Pelosi invited congressional leaders to meet, MarketWatch reported. The move comes after a bipartisan group of House...

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