NZ dollar slumps, rebounds as markets digest RBNZ’s economic risk outlook

Tue, 12 Nov 2013

By Tina Morrison Nov 13 (BusinessDesk) – The New Zealand dollar slumped to a two-month low after the Reserve Bank highlighted risks facing the economy in its Financial Stability Report released this morning. The kiwi dropped as low as 81.66 US cents from 82.23 cents immediately before the 9am release of the report. It has since recovered some of its ground, trading recently at 82.05 cents. The Reserve Bank in its six-monthly report highlighted risks to the nation’s economy from a sharp slowdown in China, a housing imbalance, a funding imbala...

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