NZ dollar hits 10-year low as world markets descend into turmoil
The New Zealand dollar hit a 10-year low after more turmoil emerged on financial markets.
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The kiwi was trading at 62.58 US cents at 5pm.
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The kiwi was trading at 62.85 US cents at 5pm.
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The kiwi was trading at 63.23 US cents at 5pm.
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Local stocks will brace for the impact of the oil crash and coronavirus.
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New Zealand held up to the oil price shock comparatively well.
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New Zealand's benchmark stock index reversed yesterday's gains.
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The kiwi was trading at 63.13 US cents at 5:15pm.
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The kiwi was trading at 62.97 US cents at 5pm.
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