NZ dollar drops after threats to contaminate dairy products revealed

Tue, 10 Mar 2015

March 10 (BusinessDesk) - The New Zealand dollar fell sharply after government officials said police have been investigating threats to contaminate infant formula and related dairy products with the pest killing poison 1080. The kiwi traded at 72.98 US cents at 5pm in Wellington. It fell as low as 72.75 US cents after the announcements, from 73.31 cents late yesterday. The trade-weighted index dropped as low as 76.65 from 77.04 before the announcements and from 77.05 yesterday. The Ministry for Primary Industries has tested more than 40,0...

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