NZ dollar dips back below 67 US cents on weak business confidence

Tue, 03 Jul 2018

By Rebecca Howard July 3 (BusinessDesk) - The New Zealand dollar dipped back below 67 US cents after a dismal business confidence survey and eased against the Australian dollar after the Reserve Bank of Australia held rates at a record low 1.5 percent across the Tasman. The kiwi dollar traded at 66.96 US cents as at 5pm in Wellington versus 67.05 cents as at 8:30am in Wellington and 67.70 cents late yesterday. It traded at 91.28 Australian cents from 91.73 cents yesterday The kiwi came under renewed pressure when New Zealand business...

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