© Reuters. New Zealand Dollar Rises to 70 Cents for First Time Since 2018
Trading

New Zealand Dollar Rises to 70 Cents for First Time Since 2018 By Bloomberg

By admin


© Reuters. New Zealand Dollar Rises to 70 Cents for First Time Since 2018

(Bloomberg) — New Zealand dollar extended its advance to 70 cents per dollar, a level not seen since June 2018.

The currency rose after Finance Minister Grant Robertson released a letter to the central bank expressing concerns over how low rates have stoked home prices, prompting the market to price out the possibility of negative borrowing costs.

The rose as much as 1.1% to 0.70 as of 8:47 a.m. in London.

 

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

admin 3197 posts 0 comments
You might also like More from author

Comments are closed.

0Shares
0 0