NZ dollar falls as commodity prices weaken; ECB keeps policy unchanged

Thu, 27 Apr 2017

By Jonathan Underhill April 28 (BusinessDesk) - The New Zealand dollar fell to a 10-month low as weaker commodity prices restrained the currencies of countries that export raw materials, while the European Central Bank kept its policy settings unchanged as expected. The kiwi traded at 68.78 US cents as at 8am in Wellington, and earlier touched 68.45 cents, the lowest since June last year, from 69.10 cents late yesterday. The trade-weighted index sank to 74.77 from 75.05. The CRB Index of commonly traded commodities fell 0.7 percent to...

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