NZ dollar sags as sentiment in equities markets sours

Fri, 01 May 2020

The New Zealand dollar's week-long rally ran out of puff today as the mood in equities markets turned sour. The kiwi was trading at 60.89 US cents at 5pm in Wellington from 61.44 at the same time yesterday. The domestic currency rose as high as 61.69 US cents overnight but now looks likely to end the week much closer to the 60.17 level it finished at in New York last Friday. The trade-weighted index was at 68.71 from 69.11. "People are tired, perhaps, Friday. The kiwi sagged all day from early morning our time. Equities and the S&P fut...

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