NZ dollar falls to 18-month low on TWI basis as government policy in focus

Wed, 25 Oct 2017

By Jonathan Underhill Oct. 26 (BusinessDesk) - The New Zealand dollar fell, reaching an 18-month low on a trade-weighted basis, as traders keep watch on emerging details of the new coalition government's fiscal policies. The kiwi dropped to 68.68 US cents as at 8am in Wellington from 68.88 cents late yesterday. The trade-weighted index fell to 72.77, and earlier touched 72.65, the lowest since late May 2016, from 72.98 yesterday. Traders are keeping a close watch for policy details from the incoming government, which has granted minis...

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