NZ dollar falls before NZ First's announcement on new government

Wed, 18 Oct 2017

By Jonathan Underhill Oct. 19 (BusinessDesk) - The New Zealand dollar fell ahead of an announcement on the formation of the new government, flagged for today, as the market prepares to assess the policy concessions wrung out of the deal by the NZ First Party. The kiwi dollar slipped to 71.44 US cents as at 8am in Wellington from 71.59 cents late yesterday. The trade-weighted index fell to 75.28 from 75.37. Traders said the New Zealand dollar may be volatile, short term, in the wake of the announcement. A deal with the Labour Party may...

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