NZ dollar bounces off four-year low; seen weaker

Mon, 23 Sep 2019

By Jenny Ruth Sept. 23 (BusinessDesk) - The New Zealand dollar rose but remained near a four-year low as optimism for a trade deal between the United States and China fades. The kiwi was trading at 62.74 US cents at 5:05pm in Wellington from 62.58 at 7:45am. The trade-weighted index was at 69.84 points from 69.64. On Friday in New York, the currency fell as low as 62.50 cents, its lowest level since September 2015. Mark Johnson, a dealer at OMF, says the combination of Chinese agricultural officials cutting their visit to the US sho...

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