Kiwi dollar pushing higher, Air NZ in the cross hairs

Tue, 09 Feb 2021

The kiwi dollar is looking to push higher as Finance Minister Grant Robertson points to New Zealand’s strong economic position and as Wall Street continues to scale record highs.The kiwi was trading at 72.24 US cents at 8am in Wellington versus 71.45 cents at 5pm Friday.Markets “brushed off a weaker-than-expected US nonfarm payrolls release on Friday, instead focusing on the prospect of another huge US fiscal stimulus and covid vaccine roll-out,” said BNZ senior interest rates strategist Nick Smyth.Investors were cheered after...

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