NZ dollar rebounds; traders focus on US economic support measures

Fri, 26 Jun 2020

The New Zealand dollar rebounded in line with US equities markets as traders focus on economic support measures and economies reopening rather than the worsening coronavirus pandemic in the world's largest economy. The kiwi was trading at 64.42 US cents at 5pm in Wellington from 64.17 cents at the same time yesterday and from 64.05 cents in New York last Friday. The trade-weighted index was at 71.36 from 71.15. "The reality is people are still torn between the free-money future and the reality of the virus," said Mike Houlahan, a dealer a...

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