NZ dollar rebounds; greenback falls on California lockdown

Fri, 20 Mar 2020

The New Zealand dollar rebounded after the greenback was hammered in the wake of the entire state of California going into full lockdown to try to slow the spread of the coronavirus. The kiwi was trading at 57.51 US cents at 5pm in Wellington from 55.36 cents at the same time yesterday. The trade-weighted index rose to 66.90 points from 65.01. The market wasn't quite as volatile today, with the kiwi trading a 3 US cent range rather than the 5 cent range seen the day before. It bounced off the 56.08 cent low around midday but also retreate...

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