NZ dollar extends slide on progress with US tax cuts, gains vs euro on ECB decision

Thu, 26 Oct 2017

By Jonathan Underhill Oct. 27 (BusinessDesk) - The New Zealand dollar fell to a five-month low against the greenback on progress for US President Donald Trump's plan to slash taxes and gained against the euro after the European Central Bank said it would cut bond purchases as expected but otherwise kept its dovish tone. The kiwi fell to 68.36 US cents as at 8:30am in Wellington from 68.88 cents late yesterday and rose to 58.69 euro cents from 58.24 cents. The trade-weighted index sank to 72.66, a new 18-month low, from 72.88 yesterday....

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