NZ dollar falls on disapointment over China's stimulus

Thu, 20 Feb 2020

The New Zealand dollar fell further after disappointment that the People's Bank of China hasn't done more to bolster confidence in the wake of the coronavirus crisis. The kiwi was trading at 63.52 US cents at 5pm in Wellington from 63.95 at the same time yesterday while the trade-weighted index was at 71.04 points from 71.18. The PBOC has been depreciating its currency all week, lifting its daily setting for the yuan against the US dollar from 6.9795 on Monday to 7.0026 today – the central bank allows the yuan to fluctuate by 2 percent ar...

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