
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...
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