NZ dollar holds its ground against greenback despite risk aversion

Tue, 13 Nov 2018

By Rebecca Howard Nov. 13 (BusinessDesk) - The New Zealand dollar held its ground against the greenback despite slumping global equity markets, jitters about Europe and ongoing concerns about US-China trade ructions. The kiwi traded at 67.45 US cents at 5pm in Wellington from 67.24 US cents at 8.45am and 67.44 US cents late Monday. The trade-weighted index was at 73.97 from 73.83. Asian stock markets sold off after U.S. stock indices lost m ore than 2 percent, with the Nikkei 225 index down 2.6 percent. Ongoing worries about political...

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