NZ dollar edges lower as investors digest Chinese devaluation

Tue, 11 Aug 2015

By Paul McBeth Aug. 12 (BusinessDesk) - The New Zealand dollar edged lower in Northern Hemisphere trading as investors weigh the impact of China's currency devaluation yesterday, fuelling concerns about the world's second biggest economy and the ripple effects on its trading partners. The kiwi decreased to 65.42 US cents at 8am in Wellington from 65.52 cents yesterday, having shed more than half a cent after the People's Bank of China acted. The local currency traded at 4.1303 yuan from 4.1396 yuan yesterday, having jumped from 4.1033 yua...

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