Kiwi struggling to gain traction as IMF lowers global growth forecasts

Tue, 09 Apr 2019

By Rebecca Howard April 10 (BusinessDesk) - The New Zealand dollar remains under pressure after risk appetite took a hit when the International Monetary Fund cut its global growth forecasts for 2019 and 2020. The kiwi was trading at 67.43 US cents at 8am from 67.45 US cents at 5pm in Wellington. The trade-weighted index was at 73.09 points from 73.14. "After strong growth in 2017 and early 2018, global economic activity slowed notably in the second half of last year, reflecting a confluence of factors affecting major economies," the...

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