NZ dollar treads water after weighing poor data, rising covid cases

Thu, 18 Jun 2020

The New Zealand dollar was little changed after volatile trading during which it was buffeted by worse-than-expected domestic and Australian data as well as persistent concerns about covid-19 outbreaks in Beijing and a number of major US states. The kiwi was trading at 64.47 US cents at 5pm in Wellington from 64.44 cents at the same time yesterday. The domestic currency traded as high as 64.79 US cents just ahead of the New Zealand GDP data after a wire agency incorrectly headlined a positive number about seven minutes before the official...

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