NZ dollar falls as Chinese imports grow less than expected

Tue, 10 Jul 2012

By Paul McBeth July 10 (BusinessDesk) - The New Zealand dollar fell in local trading after figures showed the pace of Chinese import growth was slower than expected, raising fears demand is waning in the world's second-biggest economy. The kiwi fell to 79.30 US cents at 5pm from 79.66 cents at 8am and 79.60 cents yesterday. The trade-weighted index declined to 72.19 from 72.44. China's inbound shipments rose 6.3 percent last month from June 2011, almost half the 11 percent increase forecast in a Bloomberg survey. Chinese export growth slowe...

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