NZ dollar weakens as covid-19 infection rate optimism fades

Wed, 08 Apr 2020

The New Zealand dollar weakened as optimism at slowing covid-19 infection rates in some of the worst-hit countries fades. The kiwi was trading at 59.58 US cents at 5pm in Wellington from 59.82 cents at the same time yesterday and as much as 60.13 cents overnight. The trade-weighted index was at 68.29 from 68.63. "Markets continually look ahead and take whatever catalysts they can, however flimsy, and coronavirus is driving everything at the moment," said Imre Speizer, currency strategist at Westpac. He has been looking at the correlati...

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