NZ dollar stalled amid ongoing coronavirus concern

By Jenny Ruth | Mon, 24 Feb 2020


The New Zealand dollar was little changed amid ongoing concern at the spread of the coronavirus and its likely economic impact. The kiwi was trading at 63.24 US cents at 5pm in Wellington, little changed from 63.11 cents here on Friday but down from 63.41 cents in New York last week. The trade-weighted index was at 70.86 points from 70.71. Mike Shirley, a dealer at Kiwibank, said the currency's spike in offshore trading was more a case of US dollar weakness after data showed weakened corporate activity. The IHS Markit purchasing manage...