Kiwi posts losses as business confidence in New Zealand declines

Note: This section contains information in English only.
Source: WBP Online
The New Zealand Dollar dropped on Friday, following the fall in the ANZ business outlook indicator and the negative sentiment in the local private sector. The NZD/USD pair dipped 0.7% to $0.655 by 08:12 AM GMT. Meanwhile, the RNBZ sees positive moments in the depreciation of the Kiwi, as it believes that the weak local currency could support the economy and minimize the losses from decline in commodity prices.
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