NZ dollar marks time awaiting northern hemisphere markets

Mon, 06 Apr 2020

The New Zealand dollar was temporarily becalmed as traders waited to see how northern hemisphere markets open after the weekend. The kiwi was trading at 58.73 US cents at 5pm in Wellington, in line with its close in New York on Friday at 58.69 and down from 59.07 at 5pm locally on Friday. The trade-weighted index was at 67.77 from 67.95. "Currency markets are taking a bit of a breather," said Pat Gilligan, a director at Forex, but added that he doesn't expect this will last. "We suspect we're not far away from another down leg in equit...

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