NZ dollar head for 1.9% weekly fall, sheds 6.5% over the quarter

Fri, 29 Jun 2018

By Rebecca Howard June 29 (BusinessDesk) - The New Zealand dollar is heading for a 1.9 percent weekly decline after touching a fresh two-year low in Asian trading but got a late bounce after European Union leaders agreed to set up joint asylum processing sites and restrict migrants’ moves within the bloc. The kiwi fell as low as 67.36 US cents and was trading at 67.76 cents as at 5pm in Wellington from 67.52 cents at 8am and 67.80 cents yesterday. It traded at 69.06 last Friday. It shed 6.5 percent over the quarter. The trade-weighted ind...

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