NZ dollar extends slide as Philly Fed lifts sentiment in US

Thu, 17 Jan 2019

By Gavin Evans Jan. 18 (BusinessDesk) - The New Zealand dollar extended its decline as US investors looked for positive signs in their economy and European manufacturers prepared for the worst from the on-going Brexit impasse. The kiwi was trading at 67.46 US cents at 8:30am from 67.60 cents late yesterday and at 51.96 British pence from 52.50 pence yesterday. The trade-weighted index was at 73.06 from 73.20 last night. The kiwi dipped as low as 67.30 cents overnight amid weak equity markets in Europe and Asia. US stocks, after three d...

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