NZ dollar steady against greenback despite massive drop in share markets

Thu, 11 Oct 2018

By Rebecca Howard Oct. 11 (BusinessDesk) - The New Zealand dollar was largely unchanged against the US dollar, holding its ground despite Asian share markets tumbling after Wall Street took an overnight nosedive as investors fretted about rising US yields. The kiwi traded at 64.75 US cents at 5pm in Wellington from 64.62 US cents at 8am and 64.84 US cents late yesterday. The trade-weighted index was at 70.95 from 70.98 late yesterday. The Standard & Poor's 500 ended Wednesday with a loss of 3.29 percent, the Nasdaq Composite shed 4.08...

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