NZ dollar falls as virus cases, economic impact mount

Fri, 13 Mar 2020

The New Zealand dollar fell more than a US cent today, taking its losses for the week to about two-and-a-quarter cents, as the rate of coronavirus infection around the world escalates. Economic consequences, as more major events are cancelled and travel-related companies downgrade earnings forecasts, are also rising. The kiwi was trading at 61.27 US cents at 5pm in Wellington, up from the day's low at 60.83 cents but down from 62.58 cents this time yesterday. The domestic currency closed at 63.55 cants in New York last Friday. The trad...

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