NZ dollar falls as investors brace for longer virus disruption

Fri, 28 Feb 2020

The New Zealand dollar fell on a growing realisation that coronavirus will have a far longer impact than the previously hoped for short, sharp shock to the economy. The kiwi was trading at 62.54 US cents at 5pm in Wellington from 62.90 cents at the same time yesterday. The trade-weighted index was at 70.03 points from 70.48. The domestic currency has fallen from a high at 67.55 US cents on Dec. 31, according Refinitive data, and is now at its lowest levels since October. Martin Rudings, an adviser at OMF, said the market is waiting for...

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