New Zealand dollar eases in risk-off markets

Tue, 28 May 2019

By Rebecca Howard May 29 (BusinessDesk) - The New Zealand dollar eased slightly as markets continue to fret about US-China trade tensions. The focus is now on the central bank's financial stability report this morning. The kiwi was trading at 65.44 US cents at 8am in Wellington from 65.51 at 5pm and the trade-weighted index was at 72.17 points from 72.07. "There was a risk-off tone to markets overnight, benefiting bonds and the USD, and hitting equities," said ANZ FX/rates strategist Sandeep Parekh. According to Bloomberg, if tari...

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