NZ dollar falls as business funk deepens

Thu, 29 Aug 2019

By Jenny Ruth Aug. 29 (BusinessDesk) - The New Zealand dollar fell after the latest business survey showed pessimism plumbing new depths and inflation expectations continuing to fall. The kiwi was trading at 63.05 US cents at 5pm in Wellington - the day’s low and the lowest since September 2015 - from 63.37 cents at 8am. The trade-weighted index was at 70.53 from 70.83. The latest ANZ Bank business outlook survey found a net 52.3 percent of respondents expect deteriorating business conditions in the coming year, up from 44.3 percent a...

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