Kiwi rallies as investors embrace year-end optimism

Wed, 30 Dec 2020

The New Zealand dollar rallied as investors charge into the new year optimistic that US covid-19 support packages and the UK's Brexit deal will stand the global economy in good stead.The kiwi rose to 71.53 US cents at 7:30am in Wellington from 71.15 cents at 5pm yesterday. It benefitted from a weaker greenback as investors swung in behind risk-sensitive assets on the prospect of even bigger payments from the US fiscal stimulus package.While the Democrat-controlled House of Representatives approved the bigger cheque proposed for households,...

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