NZ dollar falls; China pledges support as growth slows

Mon, 22 Oct 2018

By Paul McBeth Oct. 23 (BusinessDesk) - The New Zealand dollar fell from a spike during the Labour Day holiday as Chinese policymakers pledged to support a slowing economy. The kiwi declined to 65.50 US cents as at 8am in Wellington from 65.92 cents yesterday. It closed last week at 65.61 cents. The trade-weighted index was almost unchanged at 71.89 from 71.88 last week. The People's Bank of China yesterday offered more support for private firms, including ways to help them tap capital markets for funding. That was part of a wider re...

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