New Zealand dollar falls on second wave concerns

Economies.com
2020-09-21 17:01PM UTC

The New Zealand dollar fell against most of its peers on Monday, weighed down by concerns over a second wave of coronavirus infections.

 

Banking and financial stocks in most global markets came under pressure amid expectations for some countries to reinstate another public lockdown.

 

Protests took place in France and the UK due due to government plans to re-impose lockdown restrictions, especially after British Prime Minister Boris Johnson told Parliament that his government was considering more strict lockdown.

 

The coronavirus death toll is now close to 1 million victims globally, and infections rose to 31 million cases.

 

Otherwise, New Zealand's credit card spending index fell 11.9% in August vs. a drop by 5% in June.

 

As of 18:00 GMT, NZD/USD fell 1.5% to 0.6661, after hitting a day high of 0.6778 and a low of 0.6652.

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