NZ dollar soars as reopening optimism sweeps the globe

Wed, 03 Jun 2020

The New Zealand dollar continued to rise as sentiment in global equities markets remained relentlessly positive about the global economy reviving with countries emerging from covid-19 lockdowns. The positive sentiment, which ignores still-increasing covid-19 cases and social unrest in the US, as well as US President Donald Trump's threats to set the army on protesters, has also led to wholesale selling of US dollars, pushing other currencies, including the New Zealand dollar, higher. The kiwi was trading at 64.10 US cents at 5pm in Wellin...

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