Kiwi falls as US blue wave falters

Wed, 04 Nov 2020

The New Zealand dollar reversed early gains as a path for a decisive Democrat win in the US election faded as incumbent President Donald Trump pulled ahead in Florida leaving the race too close to call.Pat Gilligan, a director at Forex, said late polls and early results favouring Democrat candidate Joe Biden had pushed the US dollar lower allowing other major currencies to climb. The kiwi dollar hit a peak of 67.39 US cents—from 66.32 cents at 5pm yesterday—as results began rolling in at 1pm in New Zealand but quickly turned ba...

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