NZ dollar falls with Aussie as Moody's China downgrade mulled, commodities weaken

Fri, 26 May 2017

By Jonathan Underhill May 26 (BusinessDesk) - The New Zealand dollar fell along with the Australian dollar after officials at Moody's Investors Service officials said China could face another credit rating downgrade if it doesn't contain its debt mountain, while both currencies were hurt by falling commodity prices. The kiwi declined to 70.14 US cents as at 5pm in Wellington from 70.41 cents late yesterday and is up about 1.3 percent from a week ago. The trade-weighted index was little changed at 75.87 from 75.98 yesterday. Moody's of...

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