MARKET OPEN: Ongoing rally likely to keep Kiwi investors buying

Thu, 04 Jun 2020

The local stock market and the kiwi dollar may continue to be benefit as optimism among investors about the global economic recovery from covid-19 gathers further momentum. “Risk markets continue their eye-watering rally,” said ANZ Bank senior economist Liz Kendall. The kiwi dollar was trading at 64.37 US cents at 8am in Wellington versus 64.10 cents at 5pm yesterday as investors turn to risk assets - like the kiwi dollar and equities - as opposed to safe havens, like the greenback. “Most risk assets are on a bit of a tear at the mome...

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