NZ dollar gains as greenback weakens on coronavirus fears

Tue, 10 Mar 2020

The New Zealand dollar rose, reflecting weakness in the greenback after US equities plunged on concerns about the impact of the coronavirus and a potential oil price war between Saudi Arabia and Russia.The kiwi was trading at 63.23 US cents at 5pm in Wellington from 62.49 cents at the same time yesterday. The trade-weighted index was at 69.96 from 69.20.The domestic currency peaked at 64.47 US cents in the early hours of the New Zealand morning when US equities markets were in free fall.The greenback's slide was somewhat alleviated after US Pre...

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