NZ dollar falls as business funk deepens

Wed, 31 Jul 2019

By Jenny Ruth July 31 (BusinessDesk) - The New Zealand dollar fell after a survey showed business sentiment, especially in the construction sector, has become even grimmer and as domestic interest rates hit fresh record-lows. The kiwi was trading at 65.97 US cents at 5pm in Wellington, off the day’s low of 65.85 cents but down from 66.15 cents this morning and 66.28 cents late yesterday. The trade-weighted index fell to 72.56 points from 72.97. The ANZ Business Outlook survey for July found a net 44.3 percent of businesses expect gener...

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