NZ dollar drifts lower as greenback gains; focus on Jackson Hole

Mon, 19 Aug 2019

By Rebecca Howard Aug. 20 (BusinessDesk) - The New Zealand dollar is weaker after the greenback benefited from improving risk appetite. The kiwi was trading at 64.04 US cents at 8am in Wellington from 64.17 cents at 5pm. The trade-weighed index was at 71.32 points versus at 71.38. Fears of a global slowdown were eased by news that Germany may be preparing a fiscal stimulus package. According to Bloomberg, on Sunday Finance Minister Olaf Scholz suggested Germany could muster an extra 50 billion euros of extra spending if necessary....

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