NZ dollar little changed as global shares defy worsening covid news

Jenny Ruth
Mon, 13 Jul 2020

The New Zealand dollar was little changed as traders awaited further trend-setting information and as rising share markets were offset by Florida reporting a US record for new covid infections. The kiwi was trading at 65.72 US cents at 5pm in Wellington from 65.79 cents in New York on Friday. The trade-weighted index was at 72.36 from 72.28. In the late afternoon in NZ, the Nikkei 225 Index was up 1.9 percent, the Hang Seng Index up 0.9 percent and the Shanghai Composite Index up 1.3 percent. The S&P 500 Index futures were up 0.5 percent....
Markets
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Markets
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Retail
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New Zealand businesses are on the road to recovery from the economic impact of the Covid-19 crisis but they, like corporates around the world, are having to change their operational practices.