NZ dollar falls as fears about slowing Chinese growth weigh on commodity prices

Thu, 19 Jul 2018

By Paul McBeth July 20 (BusinessDesk) - The New Zealand dollar fell as growing fears of a slowing Chinese economy pushed down metal prices and weighed on currencies of nations producing raw materials. The kiwi declined to 67.45 US cents as at 830am in Wellington from 67.82 cents yesterday. The trade-weighted index decreased to 72.74 from 72.89. The Thomson Reuters CRB commodity price index of 19 commonly traded raw materials fell 0.1 percent after reports that the People's Bank of China will use a medium-term lending facility to enco...

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