NZ dollar falls as investors flee to safety over pandemic fears

NZ dollar falls as investors flee to safety over pandemic fears
Jenny Ruth
The New Zealand dollar fell as foreign investors cash in their holdings in a flight to safety amid the worsening coronavirus crisis. The kiwi was trading at 59.60 US cents at 5pm in Wellington, off the day's low at 59.13 - its lowest since May 2009 - and down from 60.50 at the same time yesterday. The trade-weighted index was at 68.21 points from 68.84. "People are repatriating offshore investments back to the US. That's what's going on. We're just seeing holus-bolus getting out of everything," said Tim Kelleher, head of foreign exchange...

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