NZ dollar may extend decline as investors unnerved by govt policy 'vacuum'

Thu, 26 Oct 2017

By Rebecca Howard Oct. 26 (BusinessDesk) - The New Zealand dollar is vulnerable to more downside as investors await more detail on the new government's policies and as the US dollar gains. The kiwi was trading at 68.88 US cents as at 5pm from 68.68 US cents as at 8am in Wellington from 68.88 cents late yesterday. The trade-weighted index was at 72.88 from 72.98 yesterday. The greenback has rallied over the past week on optimism US tax reforms may stoke economic activity and speculation that the next chair of the US Federal Reserve co...

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