NZ dollar broadly unchanged after volatile trading

Fri, 15 May 2020

The New Zealand dollar was broadly unchanged after being tossed about, first higher as US equities rallied into that market's Thursday close and then dragged lower by mixed economic data out of China. The kiwi was trading at 59.94 US cents at 5pm in Wellington, off the day's high at 60.16 cents but also above the low in the past 24 hours at 59.61 cents. The trade-weighted index was at 67.95 from 67.83 yesterday. The domestic currency looks like it will end the week well over a US cent lower than its 61.36 cent level at the New York close...

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