Slump in NZ dollar shows no sign of abating

The kiwi broke through near-term support at 58.50 US cents and was trading at 58.44 US cents at midday Friday. (Image: Getty)

Rebecca Howard

Fri, 15 Nov 2024

The New Zealand dollar has been on a one-way street since Donald Trump won the US election and it looks set to keep falling.The kiwi broke through near-term support at 58.50 US cents and was trading at 58.44 US cents midday Friday in Wellington. “There appears little near-term respite for the NZD as concerns over China’s growth outlook and discouraging fiscal stimulus measures weigh on commodities, while fears Trump will ratchet up tariffs against all trading partners are dampening expectations for global growth through 2025,&r...

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