NZ dollar drops to three-month low as investors remain wary

Thu, 14 Jan 2016

By Tina Morrison Jan. 15 (BusinessDesk) - The New Zealand dollar fell to its lowest level in more than three months even as some optimism returned to financial markets, as investors remained wary about the outlook. The kiwi touched 64.18 US cents and was trading at 64.74 cents at 8am in Wellington, from 64.84 cents at 5pm yesterday. The trade-weighted index hit a seven-week low of 71.01, and was at 71.51 at 8am from 71.64 yesterday. Equity markets rose in the US following stockmarket gains in China, with the Shanghai Shenzhen CSI 300 I...

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