The Markets

Kiwi, stocks bounce back from Fed scare

Friday 25th of June 2021

The kiwi rose for a fourth day to trade at 70.71 US cents at 3pm in Wellington from 70.50 cents yesterday and 70.05 cents last week, while the S&P/NZX 50 Index advanced 39.2 points, or 0.3% to 12,626.09, up about 0.6% from last week.

Equity markets and risk-sensitive currencies such as the kiwi were sold off sharply last week when stronger than expected US inflation stoked expectati...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.