NZ dollar falls as oil prices, equities tank

Tue, 21 Apr 2020

The New Zealand dollar fell after US oil prices turned negative for the first time in history and as global equities markets resumed their coronavirus crisis-induced decline. The kiwi was trading at 59.85 US cents at 5pm in Wellington from 60.51 cents at the same time yesterday. The trade-weighted index was at 68.26 from 68.76. "With equities looking a bit tenuous again, the US dollar is starting to regain some strength" and the price of oil wasn't helping either, said Tim Kelleher, head of foreign exchange sales at Commonwealth Bank of A...

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