NZ dollar hovers near 64 US cents in favourable risk environment

Tue, 22 Oct 2019

The New Zealand dollar continues to hover around 64 US cents as risk appetite remained firm. The kiwi was trading at 63.97 US cents at 7:50 am in Wellington from 64.00 cents at 5pm. The trade-weighted index was at 70.65 points from 70.69. “With little data on offer overnight, progress on US-China trade and Brexit negotiations kept markets in a risk-on setting, which saw the USD continue to weaken more broadly and risk assets, like the kiwi, buoyed,” said ANZ FX/rates strategist Sandeep Parekh. President Donald Trump continued to speak...

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