NZ dollar weakens as Melbourne covid cases spike

Fri, 10 Jul 2020

The New Zealand dollar was weaker but within its recent trading range as Melbourne reported a record number of new covid infections and the US reported rampant new infections. The kiwi was trading at 65.50 US cents at 5pm in Wellington from 65.83 cents at the same time yesterday but up from 65.32 cents in New York last Friday. The trade-weighted index was at 72.28 from 72.37. Victoria, which sent Melbourne back into a six-week lockdown earlier this week, recorded 288 new covid-19 infections, up from the previous peak of 191 which triggere...

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