NZ dollar sinks below 66 US cts as Turkish economic crisis sends markets into a tailspin

Sun, 12 Aug 2018

By Paul McBeth Aug. 13 (BusinessDesk) - The New Zealand dollar dropped below 66 US cents for the first time in more than two years as Turkey's economic woes saw the Turkish lira sink by almost a quarter, sending ripples through broader financial markets. The kiwi traded at 65.68 US cents as at 8am in Wellington, little changed from 65.79 cents at the New York close on Friday and down from 66.10 cents last week in Asia. The local currency last slipped below 66 US cents in March 2016. The trade-weighted index was at 71.33 from 71.36. S...

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