NZ dollar falls on weak dairy prices, greenback strength

Wed, 19 Nov 2014

Nov. 19 (BusinessDesk) - The New Zealand dollar fell more than a US cent against the US dollar as traders absorbed the knock-on effect of weaker dairy prices on the domestic economy and the greenback strengthened in the wake of Japanese prime minister Shinzo Abe's confirmation of a snap election and a delay in a sales tax hike. The New Zealand dollar fell to 78.70 US cents at 5pm in Wellington from 79.34 cents yesterday. It declined to 92.24 yen from 92.52 yen yesterday, having reached a seven-year high of 93.22 yen overnight. Prices of dair...

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