NZ dollar treads water as traders ponder covid impacts

Mon, 20 Jul 2020

The New Zealand dollar traded in a tight range as traders continue to weigh up the rising number of new covid cases against ongoing optimism in equity markets. The kiwi traded at 65.54 US cents at 5pm in Wellington from 65.42 cents at the same time on Friday. The trade-weighted index was at 72.14 from 72.06 last week. Stock markets across Asia were mixed as investors prepare for further US corporate earnings and the potential for policy support against growing cases of covid-19, with Hong Kong shutting bank branches as the Asian financial...

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