NZ dollar falls after China's manufacturing unexpectedly shrinks

Sun, 02 Sep 2012

By Hannah Lynch Sept. 3 (BusinessDesk) - The New Zealand dollar fell after manufacturing data out of China unexpectedly shrank for the first time in nine months, signaling further signs of a slowdown in the world's second-largest economy. The New Zealand dollar fell as low as 79.87 US cents, the lowest since July 25. It traded at 79.95 at 8am down from 80.32 cents at the close of trading in New York. The trade-weighted index declined to 71.88 from 72.13. Manufacturing data from China, New Zealand's second-largest export market, fell to 49....

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