NZ dollar treads choppy waters; traders hang on virus headlines

Tue, 31 Mar 2020

The New Zealand dollar remained volatile through the day as traders continue to watch headlines for developments in the coronavirus crisis. The kiwi was trading at 60.16 US cents at 5pm in Wellington compared with 60.22 cents at the same time yesterday, having traded between 59.44 and 60.36 cents. The trade-weighted index was at 68.79 from 68.89. "It's a very tricky market at the moment," said Mitchell McIntyre, a dealer at XE. "We're at the mercy of headlines and ongoing updates from countries in terms of how they're getting on." The...

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