NZ dollar falls vs Aussie as hard commodity gains outstrip dairy

Fri, 25 Nov 2016

By Jonathan Underhill Nov. 25 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart as surging prices for iron ore and other hard commodities overshadowed the recovery in dairy prices. The kiwi dollar slipped to 94.39 Australian cents at 5pm in Wellington from 94.62 cents late yesterday and is heading for a 1.2 percent weekly decline. The local currency rose to 70.19 US cents from 69.80 cents yesterday, when it touched 69.68 cents, the lowest since July. Prices for iron ore, Australia's biggest commodity expo...

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