NZ dollar stays in tight range as global equity markets rally

Thu, 27 Dec 2018

By Paul McBeth Dec. 27 (BusinessDesk) - The New Zealand dollar remained in a tight range as investors flocked back into equity markets following Wall Street's recovery, where strong consumer spending buoyed retail stocks. The kiwi traded at 67.19 US cents as at 5pm in Wellington, largely unchanged from 67.17 cents at 8.30am and 67.24 cents yesterday. The trade-weighted index fell to 73.57 from 73.76 yesterday. Stocks across Asia rose, with Japan's Topix up 4.8 percent in afternoon trading, following on from a 5 percent gain on Wall S...

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