NZ dollar falls as weaker commodity prices weigh, inflation figures loom

Wed, 19 Apr 2017

By Paul McBeth April 20 (BusinessDesk) - The New Zealand dollar fell as weaker commodity prices sapped demand for currencies linked to primary production and ahead of local figures expected to show consumer prices rose at their fastest annual pace in more than five years. The kiwi dropped to 69.99 US cents as at 8am in Wellington from 70.44 cents yesterday. The trade-weighted index declined to 76.11 from 76.47 yesterday. The Thomson Reuters/CoreCommodity CRB index, a broad measure of prices for raw materials, fell 1.4 percent as weak...

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