NZ dollar falls as Asian investors sell risk-related assets

Tue, 28 Jul 2020

The New Zealand dollar fell when Asian markets opened and investors started selling gold, silver, riskier currencies such as the kiwi and Aussie dollars and crypto-currencies. The kiwi was trading at 66.58 US cents at 5pm in Wellington, down from the day's high at 67.02 cents and 66.74 cents at the same time yesterday. The trade-weighted index was at 72.55 from 72.76. "All of a sudden in the Asian session we've seen everything get dragged down," said Tim Kelleher, head of foreign exchange sales at Commonwealth Bank of Australia. "It sc...

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