NZ dollar holds ground as traders eye covid-19 recovery

Thu, 28 May 2020

The New Zealand dollar was largely unchanged as investors remained relatively upbeat about the local economic outlook relative to the rest of the world. The kiwi traded at 61.86 US cents at 5pm in Wellington from 61.87 cents yesterday. The trade-weighted index was at 69.83 from 69.75 yesterday. Investors remain relatively optimistic about the local economic recovery as policymakers discuss ways to get activity back to normal while the much of the world deals with more severe outbreaks of the coronavirus. A trans-Tasman working group ex...

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