NZ dollar headed for 1% weekly fall as commodity prices decline

Fri, 17 Nov 2017

By Rebecca Howard Nov. 17 (BusinessDesk) - The New Zealand dollar was heading for a 1 percent weekly decline in the face of weaker commodity prices. The kiwi dollar traded at 68.58 US cents as a 5pm in Wellington from 68.55 cents late yesterday and is down from 69.28 cents a week ago. The trade-weighted index was at 72.58 from 72.70. The CRB Index of 19 commonly traded commodities has fallen more than 2 percent in the past week, while prices of dairy products have declined in the past three GlobalDairyTrade auctions. Traders are watch...

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