NZ dollar may breach 66 US cents as optimism reigns

Tue, 09 Jun 2020

The New Zealand dollar may rise above 66 US cents for the first time in more than five months as persistent optimism about the pandemic recovery keeps investors keen on risk-sensitive assets. The kiwi traded at 65.39 US cents at 5pm in Wellington from 65.13 cents at 5pm yesterday. The trade-weighted index was at 72.16 from 72.03. The local currency gained more than 5 percent last week as investors embraced signs of economic recovery with nations coming out of their covid-19 lockdowns. NZ removed all covid-19 restrictions today, except for...

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