NZ dollar follows Aussie lower on weak Australian trade data

Thu, 07 Dec 2017

By Rebecca Howard Dec. 7 (BusinessDesk) - The New Zealand dollar followed its Australian counterpart lower after trade figures across the Tasman weighed on the outlook for the antipodean commodity currencies. The kiwi declined to 68.60 US cents as at 5pm in Wellington from 68.76 cents at 8am and 68.96 cents yesterday. The trade-weighted index fell to 72.56 from 72.83 yesterday. The Australian dollar fell 0.2 percent in local trading after Australian Bureau of Statistics showed a smaller trade surplus than expected at with Australia po...

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