New Zealand dollar treads water after wild swings

Fri, 04 Jan 2019

By Jenny Ruth Jan. 4 (BusinessDesk) - The New Zealand dollar is little changed as investors weigh recent extreme volatility and look for some direction from United States equities markets and US employment data due out overnight. The kiwi was trading at 67.02 US cents at 5pm in Wellington from 66.98 at 8.30 this morning after earlier this week trading a very wide 65.88 US cent to 67.50 range. The trade weighted index eased to 73.16 points from 73.18. “It’s been a funny old day – the market’s left scratching its head a little bit after...

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