Kiwi dollar weaker as investors expect economic recovery to slow

Some economists predict the government's new controls may dampen house prices and slow the economy in the process.

Thu, 25 Mar 2021

The kiwi dollar continued to slide after government policy designed to slow property market speculation sent the currency to its lowest level since November. The kiwi dollar was trading 69.76 US cents at 5pm in Wellington, down from 69.80 cents yesterday. Prior to the announcement it had been trading near 72 cents. The trade-weighted index was at 73.30 at 5pm, from 73.26 yesterday. The kiwi traded at 91.75 Australian cents from 91.76 cents, 75.98 yen from 75.75 yen, 59.00 euro cents from 58.92 cents, 50.92 British pence from 50.85 pen...

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