NZ dollar rises in line with buoyant Asia-Pacific share markets

Mon, 06 Jul 2020

The New Zealand dollar continued to rise against the greenback amid buoyant share markets in Asia-Pacific and rising US equities futures as investors continued to focus on data showing the global economy bouncing back faster than expected while ignoring rising covid-19 infections. The kiwi was trading at 65.50 US cents at 5pm on Wellington from 65.32 cents in New York on Friday while the trade-weighted index was at 72.31 from 72.09. "The Chinese markets particularly are well up on the day" and the domestic currency has risen accordingly,...

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