The Markets

Stimulus hopes push kiwi up, but shares fall

Wednesday 21st of October 2020

The New Zealand share market did not benefit from the boost, partly due to the stronger kiwi dollar weighing down some exporters and electricity companies slipping.

The kiwi dollar was trading at 66.08 US cents up from a low of 65.53 overnight and from 65.83 yesterday, as traders swapped the safe-haven US currency for higher risk assets.

The trade-weighted index was at 70.86 at...

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