NZ dollar edges lower as Chinese stock market settles down

Mon, 11 Jan 2016

By Paul McBeth Jan. 11 (BusinessDesk) - The New Zealand dollar edged lower as Chinese stocks fell at a more sedate pace after the removal of the circuit-breaker trading restrictions, and investors refrained from panic-selling. The kiwi slipped to 65.29 US cents at 5pm in Wellington from 65.46 cents at 8am, and 65.38 cents on Friday in New York. The trade-weighted index fell to 71.95 from 73.05 last week. The local currency dropped 4.4 percent in the first week of 2016 after the suspension of trading on China's stock markets twice in...

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