NZ dollar little changed after RBNZ comments erase gains

Wed, 24 Jun 2020

The New Zealand dollar was little changed after the Reserve Bank's mention of the elevated currency putting pressure on export earnings punctured earlier gains on the back of stronger US equities. The kiwi was trading at 64.60 US cents at 5pm in Wellington compared with 64.71 cents at the same time yesterday. But it had reached a high overnight at 65.35 US cents and had pulled back to 65.10 cents just before the RBNZ released its latest decision on monetary policy. Immediately afterwards, it dropped as low as 64.50 US cents. The centra...

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