NZ dollar strengthens

The New Zealand dollar has risen Wednesday, trading at 64.82 US cents up from yesterday’s 64.74 US cents.

The local currency was at 64.57 US cents on Monday.

The local currency surged ahead while the US dollar fell as fears of a second wave of COVID-19 did little to dampen investors’ risk appetite.

On Sunday, the World Health Organization reported a record increase of coronavirus cases with the biggest rise seen in North and South America.

Last week, the kiwi had weakened amid rising COVID cases in the US and China.


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