NZ dollar benefiting from weaker greenback as markets fret about global growth

Mon, 10 Dec 2018

By Rebecca Howard Dec. 10 (BusinessDesk) - The New Zealand dollar was higher as the greenback continues to bear the brunt of rising risk aversion amid concern about global growth. The kiwi traded at 68.90 US cent at 5pm in Wellington from 68.49 US at 8am and 68.66 cents on Friday in New York. The trade-weighted index was at 75.13 from 74.92 last week. The US dollar came under further pressure as China on Sunday called on the US to withdraw the arrest warrant on Huawei global chief financial officer Meng Wanzhou, who faces extraditi...

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