NZ dollar falls as weak dairy prices add to case for rate cut

Wed, 17 Feb 2016

By Paul McBeth Feb. 17 (BusinessDesk) - The New Zealand dollar fell as weaker dairy prices added to yesterday's subdued expectations for inflation in building a case for the Reserve Bank to cut the official cash rate. The kiwi traded at 65.60 US cents at 5pm in Wellington from 65.57 cents at 8am, and down from 65.98 cents yesterday. The trade-weighted index dropped to 71.44 from 71.66. New Zealand's currency fell to a two-week low after dairy prices fell for a fourth straight auction on the GlobalDairyTrade platform, putting pressure...

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