NZ dollar buoyed by global rate cuts amid virus crisis

Fri, 06 Mar 2020

The New Zealand dollar firmed as investors await further developments on the coronavirus crisis, particularly new cases being reported as governments ramp up testing. The kiwi was trading at 63.13 US cents at 5:15pm in Wellington from 62.97 cents at 5pm yesterday, and has gained about half a cent since last Friday when it closed in New York at 62.51 cents. The trade-weighted index rose to 70.04 points from 69.87 yesterday. Since Tuesday, coronavirus cases have risen from less than 91,000 in 76 countries to 98,422 in 90 countries. The deat...

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