NZ dollar falls after oil producers fail to agree on production freeze

Sun, 17 Apr 2016

By Tina Morrison April 18 (BusinessDesk) - The New Zealand dollar fell after oil producers failed to reach agreement to freeze production at a weekend meeting in the Qatari capital of Doha, denting demand for commodity-linked currencies. The kiwi dropped to 68.68 US cents at 8am in Wellington, from 69.15 cents at the New York close and 68.89 cents on Friday. The trade-weighted index weakened to 72.56 from 72.71 on Friday. Eighteen oil producing nations met in Doha at the weekend to secure a deal to stabilise oil output at January level...

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