NZ dollar falls on soured business sentiment

Tue, 02 Apr 2019

By Jenny Ruth April 2 (BusinessDesk) - The New Zealand dollar fell as evidence of souring business sentiment provided further ammunition to the case for an interest rate cut. The kiwi was trading at 67.76 US cents at 5pm in Wellington from 68.10 at 8am; the trade-weighted index was at 73.62 points from 73.86. The Institute of Economic Research’s quarterly survey of business opinion found a net 27 percent of firms expect economic conditions to deteriorate over the coming months compared with 18 percent in the last survey. "This QSBO...

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