NZ dollar at 6-mth high as confidence grows in local economy

Wed, 22 Jul 2020

The New Zealand dollar hit a six-month high as the local economic outlook stacks up well compared to the rest of the world. The kiwi rose as high as 66.49 US cents, the most since Jan. 17, and traded at 66.45 cents at 5pm in Wellington from 65.61 cents yesterday. The trade-weighted index advanced to 72.58 from 72.12 yesterday. Currencies have largely tracked investor sentiment in equity markets in recent months as traders waxed and waned on how much of an impact the covid-19 pandemic would have on global growth. That theme is starting...

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