NZ dollar little changed as manufacturing reports raise concerns about global growth

Mon, 24 Mar 2014

By Tina Morrison March 25 (BusinessDesk) – The New Zealand dollar was little changed as manufacturing reports from major overseas economies raised concerns about global growth. The kiwi edged up to 85.39 US cents at 8am in Wellington, from 85.37 cents at 5pm yesterday. The trade-weighted index weakened to 79.79 from 79.95 yesterday. Reports for March manufacturing in China, the US and Germany over the past 24 hours failed to meet expectations. That’s in contrast with New Zealand, where a report on fourth quarter gross domestic product printe...

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