Kiwi nears three-year high; NZX50 falls

Wed, 30 Dec 2020

The New Zealand dollar reached a fresh two-and-a-half-year high as the greenback flagged with investors backing risk-sensitive assets, wagering the global economy will improve as vaccines are rolled out. The kiwi dollar was trading at 71.75 US cents at 5pm in Wellington, up from 71.18 cents yesterday, its highest level since April 2018.The trade-weighted index was at 74.47 at 5pm, from 74.10 yesterday. The kiwi traded at 93.84 Australian cents from 93.73 cents, 74.13 yen from 73.81 yen, 58.40 euro cents from 58.16 cents, 52.98 British pen...

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