Kiwi falls on weaker Wall St, NZ govt bond sale plan

Wed, 01 Apr 2020

The New Zealand dollar was weaker as the market digested Treasury's plan to sell $17 billion of government bonds before the end of June and after another down day on Wall Street. The kiwi was trading at 59.48 US cents at 5pm in Wellington from 60.16 cents at the same time yesterday. The trade-weighted index was at 68.09 from 68.79. "The kiwi is following the US share market more than anything else," said Imre Speizer, Westpac's head of currency strategy in New Zealand. Yesterday, US stock futures had suggested that market was heading f...

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