Vaccine hope driving kiwi dollar higher

Mon, 23 Nov 2020

The high New Zealand dollar will continue to be a headwind for exporters as it makes products more expensive on the global stage but travel stocks will see further gains on positive vaccine news.The NZ dollar was trading at 69.23 US cents at 8am versus 69.18 cents late Friday in Wellington but pushed as high as 69.50 cents overnight Friday. The kiwi continues to benefit from a wave of optimism about the potential for a covid-19 vaccine. Pfizer and BioNtech have applied for emergency use authorisation and their vaccine could be ready for i...

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