NZ dollar steady after upbeat RBA forecasts but coronavirus casts a pall

Tue, 04 Feb 2020

The New Zealand dollar was little changed, hoisted up from its lows after the Reserve Bank of Australia came out with surprisingly strong GDP forecasts. However, the market remains consumed with ongoing concern about the economic impact of government efforts to try to contain the coronavirus and, in New Zealand's case, prevent it from arriving on these shores. The kiwi was trading at 64.61 US cents at 5pm in Wellington from 64.63 at the same time yesterday while the trade-weighted index was at 71.58 points from 71.65. The currency had bee...

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