Michael Plank, University of Canterbury; Shaun Hendy, University of Auckland, and Siouxsie Wiles, University of …
Read More »NZ dollar falls as weak US data adds to concern global growth easing
The New Zealand dollar fell as weaker US data and disappointing earnings stoked concerns global growth may be slowing and weighed on stocks and risk appetite. The kiwi fell to 84.11 US cents from 84.51 cents at 5pm in Wellington yesterday. The trade-weighted index fell to 77.65 from 77.99. The Philadelphia Federal Reserve Bank’s business activity index fell to 1.3 …
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