NZ dollar trends lower amid worrying virus developments

Thu, 27 Feb 2020

The New Zealand dollar continued to trend lower as markets remained under pressure after a new case of infection with the coronavirus was reported in California in a person with no apparent links to China or travel through heavily infected regions.The kiwi was trading at 62.90 US cents at 5pm in Wellington from 63.18 at the same time yesterday while the trade-weighted index was at 70.48 points from 70.70.Earlier, the domestic currency traded as low as 62.81 US cents, its lowest level since mid-October.California officials said the person infect...

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