Kiwi slides on negative numbers

Source: WBP Online
© Scanpix/FP
The New Zealand Dollar continues to slip after the economy met its deadlock and is being held under pressure by positive growth numbers in the USA. The New Zealand economy is experiencing a period of stagnation, after the most recent data showed decline in commodity prices, revision of the official growth rate from 4% down to 3.8% and a contraction in estimated fiscal surplus by over NZD$ 70 million. The Kiwi fell by 0.35% to $83.87 at the time of writing. 
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