NZ dollar heads for 0.7% weekly decline as trade jitters weigh on markets

Fri, 22 Jun 2018

By Rebecca Howard June 22 (BusinessDesk) - The New Zealand dollar is headed for a 0.7 percent weekly fall after losing ground when jitters around global trade roiled markets but managed to claw back over 69 cents in Asian trading Friday. The kiwi traded at 69.01 US cents as at 5pm in Wellington versus 68.78 US cents as at 8am and 68.37 cents late yesterday. It traded at 69.48 cents in New York last Friday. The trade-weighted index rose to 73.33 from 72.83 yesterday. While the kiwi fell against the greenback this week when China respon...

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