NZ dollar drops with commodity currencies as crude, dairy fall, jobs data looms

Tue, 01 Aug 2017

By Jonathan Underhill Aug. 2 (BusinessDesk) - The New Zealand dollar fell along with other so-called commodity currencies as crude oil fell and prices unexpectedly declined in the latest GlobalDairyTrade auction. The kiwi dollar declined to 74.70 US cents as at 8am in Wellington from 75.04 cents late yesterday. The trade-weighted index slipped to 78.53 from 78.72. Brent crude oil fell about 1.7 percent to US$51.83 a barrel overnight and the CRB Index of 19 commonly traded commodities fell 0.7 percent. Meanwhile, dairy product prices fe...

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