NZ dollar falls as Chinese manufacturing misses expectations, RBNZ looms

Tue, 23 Apr 2013

By Paul McBeth April 23 (BusinessDesk) - The New Zealand dollar fell after a measure of Chinese manufacturing showed slower growth than expected, feeding fears the world's second-biggest economy won't be able to underpin global expansion, and ahead of tomorrow's monetary policy review. The kiwi fell to 83.93 US cents at 5pm in Wellington from 84.13 cents at 8am, and 84.32 cents yesterday. The trade-weighted index declined to 77.66 from 78.01. The HSBC Flash Purchasing Managers Index fell to 50.5 in April from 51.6 in March, missing estimat...

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