NZ dollar falls as US, Aust economic data weighs, dairy prices fall

Wed, 03 Sep 2014

By Paul McBeth Sept. 3 (BusinessDesk) - The New Zealand dollar fell as upbeat US and Australian economic data sapped demand for the kiwi, and after another drop in dairy prices eroded confidence in the strength of the nation's biggest export commodity. The local currency fell to 82.94 US cents at 5pm in Wellington from 83.14 cents at 8am and 83.46 cents yesterday. The trade-weighted index declined to 78.63 from 79.02. Australia's economy grew at a 0.5 percent pace in the three months ended June 30, slowing from 1.1 percent in the March...

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