NZ dollar rebounds; traders looking for the next headline

Fri, 24 Apr 2020

The New Zealand dollar rebounded after several days of selling pressure and could even end the week square as traders scan the headlines for the next reason to act, such as developments in the coronavirus crisis. The kiwi was trading at 59.91 US cents at 5pm in Wellington from 59.48 cents at the same time yesterday and not far below the 60.30 cents it settled at in New York last Friday. The trade-weighted index was at 68.21 from 67.80. Imre Speizer, currency strategist at Westpac, said equities markets today have been more or less flat, g...

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