New Zealand dollar's recovery halted

The New Zealand dollar’s recent recovery halted overnight as global equity markets fell, causing growing investor risk appetite to stall. In the last week the G20’s attempt to revive the global economy had caused an upturn in equity markets, helping demand for riskier assets and high yielding currencies. Most analysts believe it is still too early to tell whether this is the start of a recovery for the kiwi. In the meantime direction will still mainly come from broader market themes.