NZ dollar eases on weak services data, Chinese virus

NZ dollar eases on weak services data, Chinese virus
Jenny Ruth
The New Zealand dollar weakened after data showed the services sector fell to its lowest level of activity in more than seven years. The kiwi was trading at 66.07 US cents at 5pm in Wellington, up from the day's low at 65.93 cents but down compared with 66.20 cents at the same time yesterday. The trade-weighted index was at 72.45 points from 72.43. The BNZ-BusinessNZ performance of services index fell to a seasonally adjusted 51.9 in December, down one point from November and the lowest since September 2012. The long-term average is 54.4,...

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