NZ dollar falls to 3-week low as prices gains at dairy auction fail to halt weakening trend

Tue, 04 Apr 2017

By Jonathan Underhill April 5 (BusinessDesk) - The New Zealand dollar fell, touching a three-week low, with gains in dairy prices doing little to halt a weakening trend for the currency. The kiwi fell to 69.68 US cents as at 8am in Wellington, and earlier touched a three-week low of 69.65 cents, from 69.87 cents late yesterday. The trade-weighted index slipped to 75.87 from 75.93. The aggregate price index rose 1.6 percent in the GlobalDairyTrade auction overnight, while whole milk powder rose 2.4 percent. However, the kiwi dollar bar...

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