Kiwi on the rise as markets cheered by likely Biden win

Mon, 12 Oct 2020

The New Zealand dollar will continue to benefit as investors increasingly expect US President Donald Trump to lose the election, putting local exporters such as Fisher & Paykel Healthcare under pressure.The kiwi traded at 66.47 US cents at 8am in Wellington versus 66.07 US cents at 5pm on Friday.“The key theme driving markets at present is growing conviction that Joe Biden will win by a clear margin at the US Presidential election, reducing the risk of a messy contested result, and Democrats will win back the Senate, enabling the part...

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