NZ dollar falls as slowing Chinese growth weighs on US company earnings

Mon, 28 Jan 2019

By Paul McBeth Jan. 29 (BusinessDesk) - The New Zealand dollar fell after US companies said a slower Chinese economy was weighing on earnings, increasing fears about global growth. The kiwi declined to 68.36 US cents as at 8am in Wellington from 68.68 cents yesterday. The trade-weighted index decreased to 73.83 from 74.08 yesterday. The Standard & Poor's 500 index was down 1.5 percent in afternoon trading. Caterpillar shares tumbled on weaker-than-expected quarterly earnings and chipmaker Nvidia cut revenue guidance, with both firms...

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