NZ dollar falls on concern lower dairy commodity prices may weigh on economy

Wed, 02 Apr 2014

By Tina Morrison April 3 (BusinessDesk) – The New Zealand dollar was the worst-performing major currency overnight on speculation lower dairy commodity prices will weigh on economic growth. The kiwi was the worst performing currency tracked by Reuters overnight, falling as low 85.45 US cents after rising as high as 87 cents earlier this week. The local currency was at 85.58 cents at 8am in Wellington from 86.02 cents at 5pm yesterday. The trade-weighted index fell to 80 from 80.37 yesterday. Investors reduced their New Zealand dollar holding...

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