NZ dollar break below 90.50 Australian cts ahead of dairy auction

Tue, 19 Aug 2014

By Jonathan Underhill Aug. 19 (BusinessDesk) - The New Zealand dollar fell below a key support level against the Australian dollar and weakened against the greenback as traders took advantage of weaker producer prices and and government economic forecasts to sell the kiwi ahead of the latest dairy auction. The New Zealand dollar fell as low as 90.28 Australian cents and was at 90.40 Australian cents at 5pm in Wellington, from 91.11 cents late yesterday. The kiwi fell to 84.45 US cents from 84.98 cents and still has a way to go to reach a...

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