NZ dollar see-saws on US-China tensions, trans-Tasman bubble plans

Mon, 04 May 2020

The New Zealand dollar dropped from Friday's close before rising on optimism that a trans-Tasman bubble with Australia may allow travel between the two countries again. That rally was short-lived, with the currency heading south after Prime Minister Jacinda Ardern poured cold water on the notion, telling the nation not to expect anything to happen on that front in the next couple of weeks. The kiwi was trading at 60.24 US cents at 5pm in Wellington, down from the day's high at 60.42 cents but up from a low of 60.09 cents. It closed on Fri...

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