NZ dollar falls; coronavirus spreads to more countries

Wed, 26 Feb 2020

The New Zealand dollar was weaker as alarm over the spread of coronavirus builds and as warning signs of its impact on the New Zealand economy emerge. The kiwi was trading at 63.18 US cents at 5pm in Wellington from 63.47 cents at the same time yesterday. The trade-weighted index was at 70.70 points from 70.98. "It's trying to rally but its failing," although the 63 US cent level appears to be holding, said Tim Kelleher, head of foreign exchange sales at Commonwealth Bank of Australia. "The currency's certainly defensive. It's unable t...

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