NZ dollar starts week on backfoot as oil prices slump

Sun, 25 Nov 2018

By Paul McBeth Nov. 26 (BusinessDesk) - The New Zealand dollar kicked off the week on the backfoot as a slump in oil prices on Friday weighed on commodity-sensitive currencies. The kiwi traded at 67.73 US cents as at 8am in Wellington from 67.79 cents on Friday in New York, and down from 68.06 cents in Asia last week. The trade-weighted index was almost unchanged at 74.09 from 74.10 last week. Commodity-linked currencies including the New Zealand, Australian and Canadian dollars all fell on Friday as oil prices extended their decline...

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