NZ dollar under pressure as emerging markets spook investors, local firms gloomy

Thu, 30 Aug 2018

By Paul McBeth Aug. 31 (BusinessDesk) - The New Zealand dollar remained under pressure as fears over emerging markets such as Argentina weighed on global investor sentiment, adding to local gloom where businesses are increasingly pessimistic. The kiwi traded at 66.45 US cents as at 8am in Wellington from 66.54 cents yesterday. The trade-weighted index was at 71.88 from 71.90. Stocks on Wall Street fell and commodity-linked currencies such as the kiwi, Aussie and loonie were sold off as investors grew wary of risk-sensitive assets aft...

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