NZ dollar falls as weaker commodity prices weigh on growth-linked currencies

Tue, 29 Sep 2015

By Paul McBeth Sept. 29 (BusinessDesk) - The New Zealand dollar extended its decline in local trading as weaker commodity prices weighed on currencies linked to the production and export of raw materials. The kiwi fell to 63.06 US cents at 5pm in Wellington from 63.32 cents at 8.30am, and down from 63.99 cents yesterday. The trade-weighted index declined to 68.97 from 69.79 yesterday. Stocks across Asia followed Wall Street lower on persistent fears over China's economic growth, and while traders continue to second-guess when the Feder...

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