Kiwi dollar rises on improved equities sentiment, lack of new NZ infections

Tue, 05 May 2020

The New Zealand dollar gained on renewed optimism in equities markets and after no new coronavirus infections were reported here for a second day. The kiwi was trading at 60.66 US cents at 5pm in Wellington from 60.24 cents at the same time yesterday. The trade-weighted index was at 68.54 from 68.21. "The equities market held its own overnight" in the US, said Tim Kelleher, head of foreign exchange sales at Commonwealth Bank of Australia. The US futures market is also slightly higher today with investors betting that the US economy wil...

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