NZ dollar headed for 1% fall against greenback as markets fret about trade

Fri, 23 Nov 2018

By Rebecca Howard Nov. 23 (BusinessDesk) - The New Zealand dollar is headed for a 1 percent fall against the greenback this week as worries about global growth cast a pall over markets. The kiwi traded at 68.06 at 5pm in Wellington versus 68.11 US cents at 8am and late yesterday. It was at 68.76 US cents last Friday in New York. The trade-weighted index was at 74.25 from 74.34 yesterday. Markets have been increasingly concerned that the ongoing trade dispute between China and the US will have an impact on global growth, which has weig...

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