NZ dollar slips in light trading as Chinese services growth slows

Mon, 06 Jan 2014

By Paul McBeth Jan. 6 (BusinessDesk) - The New Zealand dollar slipped as slowing growth in China’s services sector surprised investors in light trading today. The kiwi fell to 82.56 US cents at 5pm in Wellington from 82.81 cents at 8am and 82.72 cents on Friday in New York. The trade-weighted index declined to 78.15 from 78.32 last week. Stocks across Asia fell in Monday afternoon trading after the HSBC/Markit services sector Purchasing Managers' Index fell to 50.9 in December from 52.5 in the previous month. That’s the slowest pace of ex...

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