NZ dollar falls as commodity prices sink on concerns about China

Tue, 12 Jan 2016

By Tina Morrison Jan. 13 (BusinessDesk) - The New Zealand dollar fell as commodity prices sank on concern about weaker demand from China, the world's second-largest economy. The kiwi declined to 65.36 US cents at 8am in Wellington, from 65.60 cents at 5pm yesterday. The trade-weighted index dropped to 72.11 from 72.27 yesterday. The CRB Index, which measures a basket of 19 global commodities, hit a fresh 14-year low overnight, sliding 1.3 percent to take its decline so far this year to 8 percent. Oil prices fell on expectations of high...

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