NZ dollar falls with business confidence, soft Chinese, property buying curbs

Tue, 31 Oct 2017

By Rebecca Howard Oct. 31 (BusinessDesk) - The New Zealand dollar extended its decline after business confidence fell, Chinese data was softer than expected and Prime Minister Jacinda Ardern confirmed that foreign speculators will no longer be able to buy houses in New Zealand from early next year. The kiwi fell to 68.45 US cents as at 5pm in Wellington from 68.72 US cents as at 8am in Wellington from 68.58 cents late yesterday. The trade-weighted index fell to 72.61 from 72.78 yesterday. Business confidence fell to a net 10 percent of...

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