NZ dollar falls 0.8% as business pessimism deepens

Thu, 30 Aug 2018

By Rebecca Howard Aug. 30 (BusinessDesk) - The New Zealand dollar fell 0.8 percent against the greenback after weak business confidence data added to the view the central bank could opt to cut rates. The kiwi traded at 66.54 US cents at 5pm in Wellington from 67.13 US cents at 8 am and from 67.10 cents yesterday. It was at 67.05 just prior to the survey's release. The trade-weighted index was at 71.90 from 72.30 yesterday. ANZ's monthly business confidence survey showed that headline business confidence fell another five points to a...

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