Markets

NZ dollar flies through wild swings on US rescue package negotiations

Jenny Ruth
Thu, 26 Mar 2020

The New Zealand dollar was little changed after wild swings amid the negotiations in the US congress over that nation's US$2 trillion rescue package. The kiwi was trading at 58.33 US cents at 5pm in Wellington from 58.39 at the same time yesterday, but had traded as high as 59.13 at about 2pm and as low as 57.78 in the wee hours of the morning as share markets in Europe surged. The trade-weighted index was at 67.68 from 67.63. "It has been a bit of a roller coaster," said Hamish Pepper, fixed income and currency strategist at Harbour A...

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