NZ dollar falls; markets eye govt, central bank rescue measures

Wed, 11 Mar 2020

The New Zealand dollar fell as markets continued their roller-coaster ride and investors tried to assess the economic impact of the coronavirus and how effective government and central bank measures will be in cushioning the fallout. The kiwi was trading at 62.85 US cents at 5pm in Wellington from 63.23 cents at the same time yesterday. The trade-weighted index was at 69.84 points from 69.96. The currency fell as low as 62.41 cents early today and then started to "very choppily, very choppily stage a recovery," said Mike Shirley, a dealer...

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