NZ dollar heading for 1% weekly slide as outlook weakens

Fri, 18 Jan 2019

By Gavin Evans Jan. 18 (BusinessDesk) - The New Zealand dollar is headed for a 1 percent slide against its US counterpart this week as investors see improving prospects there but potential headwinds here. The kiwi was trading at 67.61 US cents at 5pm from 67.60 late yesterday and 68.31 in New York last week. The trade-weighted index was at 73.18 from 73.20 last night and 73.71 a week ago. The local dollar fell as low as 67.30 US cents overnight after a surprisingly strong manufacturing survey from the Philadelphia Federal Reserve lifte...

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