NZ dollar trades near 5-month low as coalition policies awaited

Mon, 23 Oct 2017

By Jonathan Underhill Oct. 24 (BusinessDesk) - The New Zealand dollar traded near a five-month low, having sold off when the new government was announced, as traders await details of the coalition's policies. The kiwi dollar traded at 69.61 US cents as at 8am in Wellington from 69.63 cents late yesterday, when it touched 69.29 cents, the lowest since late May. The trade-weighted index was at 73.59 from 73.60. The NZ Herald reported that Winston Peters is set to become deputy prime minister and foreign minister in the new Labour-New Zea...

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