NZ dollar falls after second fruit fly discovered

Tue, 19 Feb 2019

By Jenny Ruth Feb. 19 (BusinessDesk) - An already weak New Zealand dollar fell further on the news that a second fruit fly has been found in Auckland. It is of a different species to the adult male Queensland fly caught last week. The kiwi had already been dragged down after gloomy comments from the Reserve Bank of Australia about the housing market. It was trading at 68.28 US cents at 5pm in Wellington from 68.93 at 8am. The trade-weighted index was at 74.17 from 74.30. “There’s been some news hitting the wires that they’ve found a...

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