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Kiwi struggling to gain traction

The New Zealand dollar remains under pressure after risk appetite took a hit when the International Monetary Fund cut its global growth forecasts for 2019 and 2020. 

The kiwi was trading at 67.43 US cents at 8am from 67.45 US cents at 5pm in Wellington. The trade-weighted index was at 73.09 points from 73.14. 

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