NZ dollar falls as RBA complains about strong currency, Chinese trade figures disappoint

Fri, 10 Aug 2012

By Paul McBeth Aug. 10 (BusinessDesk) - The New Zealand dollar extended its decline in local trading after the Reserve Bank of Australia warned the strength of its currency is threatening the Australian economy, while Chinese trade figures came in short of expectations. The kiwi is poised for a 1.2 percent weekly decline as it fell to 80.91 US cents at 5pm in Wellington from 81.19 cents at 8am and 81.49 cents yesterday. The trade-weighted index fell to 72.89 from 73.02 yesterday, and faces a 0.8 weekly decline. The RBA warned Australia face...

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