NZ dollar falls to two-month low vs Aussie, spurred by rising iron ore prices

Wed, 19 Jul 2017

By Jonathan Underhill July 20 (BusinessDesk) - The New Zealand dollar fell to a two-month low against a resurgent Australian dollar which reached a two-year high overnight as the price of iron ore rallied. The kiwi was trading at 92.40 Australian cents as at 8:30am in Wellington from 92.77 cents late yesterday. The New Zealand dollar was little changed at 73.54 US cents from 73.52 cents. Helping the Australian dollar rise to its highest level since May 2015 at 79.53 US cents were the minutes of the last Reserve Bank of Australia meetin...

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