NZ dollar plummets amid Asia market rout

Thu, 19 Mar 2020

The New Zealand dollar sank as much as five US cents over the past 24 hours as panic selling and a flight to the US dollar took fire with futures markets pointing to yet another sell-off on Wall Street.The kiwi was trading at 55.36 US cents at 5pm in Wellington, off the day's low at 54.68 cents, but down from 59.60 cents at the same time yesterday. The trade-weighted index sank to 65.01 points from 68.21.The domestic currency is now at levels last seen in the depths of the global financial crisis in the first half of 2009.Many dealers were too...

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