Exporter demand halts NZ dollar's slide

Mon, 13 Aug 2018

By Rebecca Howard Aug. 13 (BusinessDesk) - The New Zealand dollar was largely unchanged in local trading as exporters piled into the currency at a two-year low, offsetting the downbeat tone sparked by Turkey's economic woes. The kiwi traded at 65.72 US cents as at 5pm in Wellington versus 65.68 cents at 8am and little changed from 65.79 cents at the New York close on Friday. The local currency hadn't been below 66 US cents since March 2016. The trade-weighted index was at 71.47 from 71.36 late Friday. Investors were jittery that a pl...

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