NZ dollar range-bound amid souring mood in equities markets

Mon, 29 Jun 2020

The New Zealand dollar was range-bound despite a souring mood in global equities markets as covid-19 infections passed 10 million and deaths 500,000. The kiwi was trading at 64.25 US cents at 5pm in Wellington from 64.23 cents in New York on Friday and 64.42 cents here at 5pm. The trade-weighted index was at 71.24 from 71.36. "There's still enormous uncertainty. The interesting thing is that even when equities markets were falling, the kiwi and the Aussie were holding their ground," said Mark Johnson, an adviser at OMF. He noted the US S&...

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