NZ dollar holds near week low on concern about Chinese growth

Sun, 14 Jul 2013

By Tina Morrison July 15 (BusinessDesk) – The New Zealand dollar is trading near a week low on concern about a slowdown in China, the country’s second-largest trading partner. The kiwi recently traded at 77.81 US cents, unchanged from late New York trading Friday, and down from 78.68 cents at the 5pm close in Wellington. During New York trading, the local currency slipped to its lowest in almost a week of 77.50 cents. The trade-weighted index fell to 74.05 from 74.57 in Wellington Friday. Traders are awaiting a report today on China’s second...

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