New Zealand dollar hits two-month low
WELLINGTON, Oct. 16 (Xinhua) -- New Zealand dollar dropped to 0.6041 U.S. dollar on Wednesday, which was the lowest since Aug. 19.
The New Zealand dollar is slightly weaker earlier Wednesday against the U.S. dollar, currently trading at 0.6064 U.S. dollar at the time of writing.
The decrease was attributed to the stronger U.S. dollar with a prospect of aggressive interest rate cuts in the United States.