NZ dollar under pressure on money printing, dairy concerns

Thu, 23 Apr 2020

The New Zealand dollar remained under pressure against both the US and Australian dollars on concerns the Reserve Bank of New Zealand may start buying bonds directly from the government and on the outlook for dairy prices. The kiwi was trading at 59.48 US cents at 5pm in Wellington from 59.56 cents at the same time yesterday and at 94.19 Australian cents from 94.55 cents. The trade-weighted index was at 67.80 from 67.97. Reserve Bank governor Adrian Orr had been talking about buying bonds directly from the government, rather than through...

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