NZ dollar continues drop against Aussie dollar, down 2% since Jan 3 high

Wed, 11 Jan 2017

By Edwin Mitson Jan. 11 (BusinessDesk) - The New Zealand dollar traded at its lowest level against the Australian dollar since November, and has fallen more than 2 percent since the start of 2017 as it broke out of a key trading range. The kiwi traded at 94.77 Australian cents at 5 pm in Wellington, down from 94.81 cents yesterday and 95.38 cents on Monday. It had reached as high as 96.74 Australian cents on Jan 3. Currency traders said the move reflected the different markets Australia and New Zealand have with China, with Australia...

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