NZ dollar drops on weak business sentiment, as dairy auction, Fonterra meeting loom

Fri, 31 Jul 2015

By Jonathan Underhill July 31 (BusinessDesk) - The New Zealand dollar fell after a survey showed deteriorating business confidence, and may decline further with key event risks next week in the GlobalDairyTrade auction, labour market statistics and a Fonterra Cooperative Group board meeting. The kiwi dollar fell to 65.88 US cents as at 5pm in Wellington, from 66.39 cents late yesterday.The trade-weighted index fell to 70.31 from 70.74. Business confidence fell to a six-year low this month, according to the ANZ Business Outlook, with co...

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