NZ dollar takes a breather, likely to fall further

Tue, 25 Feb 2020

The New Zealand dollar firmed, with traders expecting the currency's slide to resume as more news emerges on the spread of coronavirus beyond China. The kiwi was trading at 63.47 US cents at 5pm in Wellington from 63.24 cents at the same time yesterday. The trade-weighted index was at 70.98 points from 70.86. The bounce back came as virus fears continue to roil equity, oil, gold and bond markets around the world as well as currency trading. "It's come a long way very fast and we're just taking a bit of a breather until we get the next...

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