NZ dollar declines amid rising covid-19 infections

Thu, 25 Jun 2020

The New Zealand dollar fell as surging covid-19 infections everywhere from California and Texas to Brazil and India overtook investors' best attempts to ignore the bad news to focus on economic recovery. The kiwi was trading at 64.17 US cents at 5pm in Wellington from 64.60 cents at the same time yesterday. The trade-weighted index was at 71.15 from 71.35. The US as a whole recorded its second-worst day for new infections at 38,386, behind only April 24's 39,072 total, while Brazil reported 40,995 new cases. With Texas recording more t...

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