NZ dollar falls on concern weaker Chinese growth will dent demand for commodities

Mon, 22 Sep 2014

By Tina Morrison Sept. 23 (BusinessDesk) - The New Zealand dollar fell alongside the Australian and Canadian dollars on concern slowing growth in China would reduce demand for the countries' commodities. The kiwi slipped to 81.28 US cents at 8am in Wellington, from 81.56 cents at 5pm yesterday, while the Australian dollar fell to 88.75 US cents from 89.35 cents, and the Canadian dollar dropped to 90.64 US cents from 91.41 cents. The Bloomberg Commodity Index declined to the lowest level since July 2009, after China's finance minister i...

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