NZ dollar falls vs greenback on drop in business confidence, falls vs Aussie

Thu, 30 Nov 2017

By Rebecca Howard Nov. 30 (BusinessDesk) - The New Zealand dollar fell against the greenback after business confidence dropped sharply in November and weakened against the Aussie dollar after positive data across the Tasman. The kiwi fell to 68.46 US cents as at 5pm in Wellington from 68.88 cents yesterday. It was at 90.21 Australian cents from 90.80 cents late yesterday. The kiwi took a tumble after the ANZ Business Outlook showed a net 39 percent of businesses were pessimistic about the year, the lowest level since early 2009, and a...

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