NZ dollar dips as investor fears over Turkish economy ease

Tue, 14 Aug 2018

By Paul McBeth Aug. 15 (BusinessDesk) - The New Zealand dollar fell as fears over Turkey's financial woes eased after the nation's finance minister said his government will protect its currency which has been in freefall for the past week. The kiwi declined to 65.70 US cents as at 8am in Wellington from 65.99 cents yesterday. The trade-weighted index decreased to 71.57 from 71.76 yesterday. The US dollar index gained 0.3 percent and stocks on Wall Street rallied after investors took heart from Turkish finance minister Berat Albayrak...

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