NZ dollar steady despite $12.1b support package

Tue, 17 Mar 2020

The New Zealand dollar was little changed after another roller coaster session in which the government's $12.1 billion economic support package provided only temporary support. The kiwi was trading at 60.50 US cents at 5pm in Wellington, unchanged from the same time yesterday, having traded in a 1.5 US cent range during the intervening 24 hours. Earlier, the domestic currency climbed as high as 60.96 US cents immediately after the government said it would pump $12.1 billion into the economy to soften the impact of covid-19, the global pa...

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