NZ dollar edges lower as markets stabilise on Chinese stimulus following volatility

Tue, 25 Aug 2015

By Tina Morrison Aug. 26 (BusinessDesk) - The New Zealand dollar stabilised overnight following a period of volatile trading as investor confidence about weakness in China abated after the Chinese central bank cut interest rates to stimulate the world's second-largest economy. The kiwi slipped to 64.78 US cents at 8am in Wellington, from 64.97 cents at 5pm yesterday, having traded between 62.44 cents and 67.07 cents over the past five days. The trade-weighted index weakened to 69.96 from 70.01 yesterday. The People's Bank of China said...

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