Roller-coaster day for kiwi dollar

Thu, 28 Nov 2019

The New Zealand dollar had a roller-coaster day, tossed around by various pieces of geopolitical news, but ended the local trading day little-changed from the open after a strong rebound in domestic business confidence. The kiwi was trading at 64.22 US cents at 5.10 pm in Wellington, up from its low at 64.01 around midday, but barely different from 64.24 cents at 8.10am, while the trade-weighted index was at 71.24 points from 71.19. The latest ANZ Bank survey found that although businesses remain pessimistic about the economy, they are be...

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