Tumble in kiwi to help exporters

Mon, 18 Jan 2021

A weaker New Zealand dollar will offer some relief to major exporters including A2 Milk and Fisher & Paykel Healthcare but the respite is likely to be short.The kiwi was trading at 71.20 US cents at 8am in Wellington, versus 71.99 cents at 5pm on Friday, after the greenback got a lift from weak US data.Retail sales there fell during the holiday season and consumer sentiment also declined. Meanwhile, 10-year Treasury yields slipped to 1.088 percent from 1.128 percent as the dire data pointed to the need for more fiscal stimulus.The US dollar...

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