NZ dollar falls ahead of GDP, current account as markets succumb to Xmas snooziness

Wed, 21 Dec 2016

By Jonathan Underhill Dec. 22 (BusinessDesk) - The New Zealand dollar fell, dropping back below 69 US cents for a second day, as traders await third quarter gross domestic product and balance of payments data while market liquidity dwindles ahead of the Christmas-New Year holidays. The kiwi dollar traded at 69 US cents as at 8am in Wellington, and earlier dipped as low as 68.93 cents, from 69.30 cents late yesterday. The trade-weighted index fell to 76.95 from 77.29. The New Zealand economy probably expanded at a 0.8 percent pace in th...

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