NZ dollar slips on concern about global growth outlook

Mon, 09 Nov 2015

By Tina Morrison Nov. 10 (BusinessDesk) - The New Zealand dollar edged lower after the OECD trimmed global growth forecasts, citing a "deeply concerning" outlook for world trade. The kiwi slipped to 65.33 US cents at 8am in Wellington, from 65.59 cents at 5pm yesterday. The trade-weighted index weakened to 71.43 from 71.66 yesterday. In its bi-annual economic outlook report released in Paris yesterday, the Organisation for Economic Cooperation and Development said a sharp slowdown in global trade and weakness in emerging market economi...

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