NZ dollar falls as Chinese growth misses forecast

Tue, 19 Jan 2016

By Paul McBeth Jan. 19 (BusinessDesk) - The New Zealand dollar fell as China's economic growth came in below expectations, weighing on the Australasian currencies due to their trade exposure to the world's second biggest economy. The kiwi dipped to 64.34 US cents from 64.47 cents immediately before the data, and down from 64.67 cents yesterday. The trade-weighted index declined to 71.29 from 71.51 yesterday. Official government figures show China's gross domestic product grew 6.8 percent in the three months ended Dec. 31 from a year...

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