NZ dollar sheds 4.5% in August, 1% this week; election now in focus

Fri, 01 Sep 2017

By Rebecca Howard Sept. 1 (BusinessDesk) - The New Zealand dollar is heading for a 1 percent decline this week after shedding 4.5 percent in August as election uncertainty rises with the latest political polls. The kiwi was trading at 71.66 as at 5pm in Wellington versus 71.79 US cents as at 8am in Wellington and from 71.68 cents late yesterday. It was at 72.38 US cents late last Friday in New York. The trade-weighted index was at 75.05 from 75.27. The New Zealand dollar came under pressure in August when weak data led the market to p...

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