NZ dollar falls, may extend decline on concern global growth is weakening

Wed, 06 Jul 2016

By Jonathan Underhill July 6 (BusinessDesk) - The New Zealand dollar fell, and may extend its decline this week, on signs global growth is softening leading investors to be wary about taking on more risk. The kiwi fell to 70.95 US cents at 5pm in Wellington, having fallen about 1 US cent from 71.97 cents in the past 24 hours. The trade-weighted index declined to 76.17 from 76.86 yesterday. The UK's Brexit vote has captured the headlines since the result emerged two weeks ago but traders say a range of concerns were already in the mark...

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