NZ dollar little changed after Chinese shares sink; thin data pipeline

Mon, 24 Feb 2014

By Paul McBeth Feb. 24 (BusinessDesk) - The New Zealand dollar was little changed after a slump on China’s stock market weighed on Australia’s currency and ahead of a light week for economic data releases. The kiwi traded at 82.76 US cents at 5pm in Wellington from 82.80 cents at 8am and 82.79 cents on Friday in New York. The local currency was little changed at 92.30 Australian cents from 92.20 cents on Friday in New York. China’s Shanghai Stock Exchange Composite index was down 2 percent in afternoon trading, as speculation reduced lendi...

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