NZ dollar slips to week-low after finance minister confirms slow debt repayment, halt to tax cuts

Thu, 30 Nov 2017

By Jonathan Underhill Dec. 1 (BusinessDesk) - The New Zealand dollar fell to a week-low after Finance Minister Grant Robertson set out the coalition government's fiscal plans, confirming that they would be funded by slower debt repayment, cancelling tax cuts and by ordering ministers to weed out low-priority spending. The kiwi traded at 68.29 US cents as at 8:30am in Wellington from 68.33 cents just before Robertson's speech was released and down from 68.46 cents late yesterday. The trade-weighted index fell to 72.14 from 72.25. Robert...

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