NZ dollar falls in subdued trading as dairy auction looms

Mon, 19 Feb 2018

By Jonathan Underhill Feb. 20 (BusinessDesk) - The New Zealand dollar fell in subdued trading with public holidays in the US and China as traders await tonight's dairy auction and minutes from the Reserve Bank of Australia's last policy meeting. The kiwi traded at 73.71 US cents as at 8am in Wellington from 73.98 cents late yesterday The trade-weighted index dropped to 75.40 from 75.60. Price expectations for tonight's GlobalDairyTrade auction range from little changed to a modest increase. Prices have strengthened in the three auction...

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