NZ dollar eases amid rising covid-19 cases in Beijing, US

Wed, 17 Jun 2020

The New Zealand dollar weakened amid worsening news on the resurgence of covid-19 in Beijing and a number of major US states. The kiwi was trading at 64.44 US cents at 5pm in Wellington from 64.83 cents at the same time yesterday. The trade-weighted index was at 71.47 from 71.59. Beijing has closed schools, locked down 27 neighbourhoods and cancelled about 60 percent of flights as it battles to contain the latest outbreak. The city reported 31 new cases of infection today in the outbreak linked to a wholesale food market. Cases have...

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