Kiwi under pressure with greenback back in favour

Tue, 12 Jan 2021

The kiwi dollar remains under pressure as investors seek out the greenback against a backdrop of ongoing negative covid-19 news, US political tensions and the prospect of inflation coming back to the fore sooner than expected.The NZ dollar was trading at 71.82 US cents at 8am in Wellington versus 71.94 cents at 5pm yesterday.China reported more than 100 covid-19 cases in the past 24 hours, after it imposed a sharp lockdown in Hebei Province late last week, and that is now raising concerns about potential restrictions going into Chinese New Year...

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