NZ dollar holds near 2 1/2 year low as investors fret over emerging markets

Wed, 15 Aug 2018

By Paul McBeth Aug. 16 (BusinessDesk) - The New Zealand dollar held near a two-and-a-half year low as global investors remained nervous about risk-sensitive assets after Turkey's recent woes put the spotlight back on emerging markets. The kiwi traded at 65.63 US cents as at 8am in Wellington from 65.57 cents yesterday. The trade-weighted index was at 71.62 from 71.58. Currencies and equities in emerging markets fell after Turkey's financial woes raised questions about those countries' ability to keep supporting economic growth. Indon...

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