NZ dollar falls on weak oil prices, local importer selling

Wed, 30 Dec 2015

By Tina Morrison Dec. 31 (BusinessDesk) - The New Zealand dollar declined as weaker oil prices weighed on commodity currencies and local importers sold the kiwi to pay for Christmas goods in a period of low foreign exchange liquidity. The kiwi fell to 68.27 US cents at 8am in Wellington, from 68.56 cents at 5pm yesterday. The trade-weighted index slipped to 74.18 from 74.40 yesterday. Oil prices fell 3 percent after a report by the US Energy Information Administration showed American inventories rose 2.63 million barrels last week amid...

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