NZ dollar falls to 4-month low vs Aussie on stronger metals, ore prices, rates outlook

Sun, 12 Feb 2017

By Jonathan Underhill Feb. 13 (BusinessDesk) - The New Zealand dollar fell to its lowest level in almost four months against the Australian dollar, which is benefitting from stronger prices of metals and iron ore, and an upbeat view of the Australian economy from its central bank. The kiwi fell as low as 93.35 Australian cents, the lowest since late October, and was at 93.55 Australian cents as at 8am in Wellington from 93.66 cents in late New York trading on Friday. The kiwi dropped to 71.89 US cents from 71.99 cents on Friday in the US....

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