New Zealand dollar weakens amid Chinese sabre-rattling, European turmoil

Wed, 02 Jan 2019

By Jenny Ruth Jan. 3 (BusinessDesk) - The New Zealand dollar weakened into the New Year amid negative global news such as China threatening Taiwan again and the European Central Bank appointing temporary administrators to run an Italian bank, Banca Carige. The kiwi was trading at its lows at 66.56 US cents at 8.20am in Wellington compared with its high in New York overnight at 67.50. The trade weighted index was at 72.87 points from 72.95. “It’s weakened quite substantially in the last 24 hours,” says Tim Kelleher, the head of external...

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