NZ dollar firms on positive sentiment in global equities markets

Mon, 18 May 2020

The New Zealand dollar firmed from last week's close in New York, buoyed by positive sentiment in equities markets despite a raft of grim data showing how deeply the coronavirus crisis is biting the domestic and global economy. The kiwi was trading at 59.50 US cents at 5pm in Wellington from 59.35 cents in New York on Friday. The trade-weighted index was at 67.55 from 67.95. Data today showed the services side of NZ's economy virtually ground to a halt in April, much the same as the manufacturing sector had. For both the services and m...

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