NZ dollar extends slide after China manufacturing gauge falls to 5-year low

Wed, 23 Sep 2015

By Jonathan Underhill Sept. 23 (BusinessDesk) - The New Zealand dollar extended its decline after a measure of Chinese manufacturing plunged to the lowest level since March 2009, driving down stock markets across Asia and weighing on growth-linked currencies such as the kiwi. The kiwi fell to 62.63 US cents as at 5pm in Wellington, from 62.88 cents at the start of the day and from 63.14 cents yesterday. The trade-weighted index fell to 68.25 from 68.43 yesterday. The preliminary Purchasing Managers’ Index (PMI) from Caixin Media and Ma...

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