NZ dollar falls as markets wait to see which parties will govern

Wed, 18 Oct 2017

By Rebecca Howard Oct. 18 (BusinessDesk) - The New Zealand dollar fell while remaining in a narrow trading range as the market waits to find out which parties will form the country's next government. The kiwi dollar was trading at 71.59 US cents as at 5pm from 71.66 US cents as at 8am in Wellington, from 71.64 cents late yesterday. The trade-weighted index was at 75.37 from 75.39 yesterday. The kiwi came under some pressure after the GDT price index fell 1 percent in the GlobalDairyTrade auction overnight, while whole milk powder decli...

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