NZ dollar falls after pre-election update as polls show closer race

Wed, 23 Aug 2017

By Rebecca Howard Aug. 23 (BusinessDesk) - The New Zealand dollar fell after the pre-election fiscal showed weaker growth and as polls showed that one month out from the election it is a close race. The kiwi declined to 72.31 US cents as at 5 pm versus 72.75 US cents as at 8am in Wellington and from 73.24 cents late yesterday. The trade-weighted index was at 76.18 from 77.01. Martin Rudings, senior dealer foreign exchange at OMF in Wellington said the kiwi dipped against most of the crosses in the wake of the pre-election fiscal update...

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