Kiwi dips below 70 US cents; A2 Milk jumps

Fri, 18 Jun 2021

The New Zealand dollar dropped to a three-month low, while the NZ share market finished the day marginally higher as A2 Milk surged. The S&P/NZX 50 Index rose 10.73 points, or 0.1%, to 12,551.93. Within the index, 22 stocks fell, 25 rose and three were unchanged. Turnover was $424 million due to an extended trading session to allow for the quarterly rebalance of the S&P/NZX and FTSE Russell Indices.The fallout from the US Federal Reserve’s update yesterday morning continued for a second day, with the currency falling bel...

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