NZ dollar revives after US Fed starts buying corporate bonds

Tue, 16 Jun 2020

The New Zealand dollar rebounded after the Federal Reserve announced it was buying corporate bonds, causing soggy-looking equities markets to recover and the US dollar to weaken. The kiwi was trading at 64.83 US cents at 5pm in Wellington from 64.16 cents at the same time yesterday. The trade-weighted index was at 71.59 from 71.23. The Fed had already been buying exchange-traded corporate bond funds, on top of government bond purchases, as part of its money-printing programme, which is aimed at alleviating liquidity pressures in financial...

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