NZ dollar unmoved by Powell, Robertson or business confidence

Tue, 30 Jun 2020

The New Zealand dollar was unmoved by comments from Federal Reserve chair Jerome Powell or NZ Finance Minister Grant Robertson or by the latest survey showing business confidence - while negative - is improving. The kiwi was trading at 64.21 US cents at 5pm in Wellington from 64.25 cents at the same time yesterday while the trade-weighted index was at 71.20 from 71.24. In written testimony prepared for the House Financial Services Committee, which Powell will appear before overnight NZ time, the Fed chair stressed the importance of keepin...

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