NZ dollar heads for 0.6% weekly as business confidence falls, Robertson hints at slowdown

Fri, 01 Dec 2017

By Rebecca Howard Dec. 1 (BusinessDesk) - The New Zealand dollar was headed for a 0.6 percent weekly decline after business confidence fell and Finance Minister Grant Robertson said economic growth may slow next year. The kiwi dollar traded at 68.30 US cents as at 5pm in Wellington from 68.46 cents late yesterday and from 68.64 cents a week ago. The trade-weighted index fell to 72.12 from 72.25. The kiwi took a tumble on Thursday after the latest ANZ Business Outlook showed a net 39 percent of firms expect the economy to deteriorate ov...

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