NZ dollar treads water as covid-19 cases spike in Melbourne

Tue, 07 Jul 2020

The New Zealand dollar was little changed after volatile trading driven by swings in China's share market but could follow its Australian counterpart lower if the state of Victoria imposes a return to lockdown in greater Melbourne in response to spiking covid-19 cases. The kiwi was trading at 65.54 US cents at 5pm in Wellington from 65.50 cents at the same time yesterday while the trade-weighted index was at 72.21 from 72.31. The Reserve Bank of Australia released its latest monetary policy statement late today but it sparked little react...

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