NZ dollar falls as businesses get gloomier

Mon, 30 Sep 2019

By Jenny Ruth Sept. 30 (BusinessDesk) - The New Zealand dollar was weaker after business pessimism grew even deeper in the latest ANZ Bank monthly survey and the gloomy tone was compounded after official Chinese data showed manufacturing contracted again in September. The kiwi was trading at 62.66 US cents at 5pm in Wellington from 62.81 at 8:05am while the trade-weighted index was at 69.97 points from 70.25. The ANZ survey showed a net 53.5 percent of the 391 respondents expect general business conditions will deteriorate during the c...

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