NZ dollar falls as Chinese imports fall in holiday shortened February, US jobs data looms

Fri, 08 Mar 2013

By Paul McBeth March 8 (BusinessDesk) - The New Zealand dollar fell in local trading today after weaker than expected Chinese import figures emerged in a month that was shortened by the Lunar New Year, and as US employment data looms. The kiwi fell to 82.55 US cents at 5pm in Wellington from 82.75 cents at 8am and 82.76 cents yesterday. The trade-weighted index fell to 75.97 from 76.13 yesterday. Chinese imports fell 15.2 percent in February from a year earlier, according to government figures, sapping demand for the trans-Tasman currencie...

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