Kiwi rallies as investors embrace year-end optimism

Kiwi rallies as investors embrace year-end optimism
Paul McBeth
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,...

More Markets

Analysts struggle to find upside from Trump tariffs
Economy

Analysts struggle to find upside from Trump tariffs

‘They've forgotten the lessons of the Great Depression,’ one analyst said.