NZ dollar weakens after China policy easing

Mon, 26 Oct 2015

By Tina Morrison Oct. 27 (BusinessDesk) - The New Zealand dollar weakened after China on Friday cut interest rates for a sixth time in the past year, stoking concern about the growth outlook in the country's largest trading partner. The kiwi declined to 67.84 US cents at 8am in Wellington, from 68.39 cents at 5pm on Friday. It was little changed from 67.81 US cents at 5pm yesterday, when local markets were closed for the Labour Day public holiday. The trade-weighted index was at 73.04 from 73.51 on Friday. On Friday, China, Asia's larg...

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