NZ dollar still on the sidelines as equity markets take centre stage

Fri, 28 Dec 2018

By Paul McBeth Dec. 28 (BusinessDesk) - The New Zealand dollar has largely been left on the sidelines as investors remain fixated on the gyrations in equity markets. The kiwi traded 67.06 US cents as at 5pm in Wellington from 66.99 cents at 8.30am, down from 67.19 cents yesterday. The trade-weighted index fell to 73.25 from 73.57. Currency markets have been quieter than normal through the Christmas and New Year period, with sharp moves on Wall Street attracting most of the attention. Financial markets have become increasingly volatil...

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