NZ dollar firmer on end of lockdown, positive sentiment

Mon, 11 May 2020

The New Zealand dollar took the announcement of the nation's move out of lockdown in its stride after being buoyed all day by positive sentiment in equities markets. The kiwi was trading at 61.42 US cents at 5pm in Wellington, from 61.36 cents at the New York close on Friday and 61.18 cents here on Friday. The trade-weighted index was at 69.24 from 68.99 Friday. Prime Minister Jacinda Ardern announced New Zealand will be moving from the current level 3 restrictions to level 2 from midnight on Wednesday, which means that retail stores, mal...

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