NZ dollar weaker as investors fret about China slowdown

Tue, 24 Jul 2018

By Rebecca Howard July 24 (BusinessDesk) - The New Zealand dollar was slightly weaker against the greenback as the ongoing devaluation in China's yuan added to concerns about a slowdown in the world's second-largest economy. The kiwi traded at 67.73 US cents at 5pm in Wellington versus 67.82 US cents at 8am in Wellington from 68.14 cents yesterday. The trade-weighted index was at 73.00 from 73.10 yesterday. The People's Bank of China set the dollar's midpoint for daily trading at CNY6.7891, compared with CNY6.7593 yesterday, a fresh on...

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