NZ dollar falls on wider November trade deficit, drop in dairy prices

Wed, 20 Dec 2017

By Rebecca Howard Dec. 20 (BusinessDesk) - The New Zealand dollar fell against the greenback after figures showed the November trade deficit was wider than expected and dairy prices declined in the latest auction. The kiwi traded at 69.61 US cents as at 5pm in Wellington from 69.93 cents late yesterday. The trade-weighted index was at 73.33 from 73.79 yesterday. The kiwi lost ground early in the session when prices unexpectedly fell at the latest GlobalDairyTrade auction, with whole milk powder prices falling 2.5 percent. The futures h...

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