NZ dollar rises in whippy, headline-driven trading

Wed, 27 May 2020

The New Zealand dollar was firmer amid headline-driven whipsaw trading as investors reacted to the US considering sanctions on Chinese officials and firms and a report that a trans-Tasman "bubble" could happen sooner than expected. The kiwi was trading at 61.87 US cents at 5pm in Wellington after soaring as high as 62.30 cents overnight compared with 61.26 cents at 5pm yesterday. The trade-weighted index was at 69.75 from 69.23 yesterday. Overnight, the currency was buoyed by optimism sweeping equities markets of a better-than-expected re...

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