NZ dollar dragged down by weaker than expected Australian growth

Wed, 05 Dec 2018

By Paul McBeth Dec. 6 (BusinessDesk) - The New Zealand dollar slipped below 69 US cents as negative sentiment about a weaker-than-expected Australian economy spilled over across the Tasman and as Canada's central bank adopted a more negative outlook. The kiwi decreased to 68.93 US cents as at 8am in Wellington from 69.13 cents yesterday. It traded at 94.83 Australian cents from 94.73 cents yesterday. US markets were closed to mark the death of former President George HW Bush, although S&P futures pricing indicated increased confidenc...

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