NZ dollar falls with stock market correction

Fri, 12 Jun 2020

The New Zealand dollar fell, in line with the fallout in equities markets, as the Federal Reserve's pessimism about the economic impact of the coronavirus crisis and rising infections in some major US states cooled investor enthusiasm. The kiwi was trading at 64.18 US cents at 5pm in Wellington, up from the day's low at 63.94 cents but down from 64.92 cents at the same time yesterday. On its current form, the currency is likely to end the week below its 65.07 US cent level in New York last Friday. The trade-weighted index was at 71.17 fro...

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