NZ dollar falls on weaker Chinese imports data

Tue, 13 Oct 2015

By Jonathan Underhill Oct. 13 (BusinessDesk) - The New Zealand dollar fell after Chinese figures showed a bigger-than-expected drop in imports last month, which weighed on the currencies of countries that ship commodities to the world's second-largest economy. The kiwi fell to 66.74 US cents as at 5pm in Wellington from 66.97 cents yesterday. The trade-weighted index fell to 71.45 from 71.57 yesterday. China's imports tumbled 17.7 percent in September from a year earlier, more than expected, while exports slipped just 1.1 percent, leav...

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