NZ dollar falls on weak trade figures, bad apple export ban

Wed, 25 Sep 2013

By Paul McBeth Sept. 25 (BusinessDesk) - The New Zealand dollar extended its decline in local trading after government figures showed the biggest monthly trade deficit in almost five years, and after rotten apple exports into China became the latest unsanitary food consignment to the country’s biggest trading partner. The kiwi fell to 82.27 US cents at 5pm in Wellington from 82.70 cents at 8am and 83.35 cents yesterday. The trade-weighted index declined to 76.75 from 77.63 yesterday. New Zealand reported a trade deficit of $1.19 billion in...

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