NZ dollar heads for 12% decline in 2015 on dairy, China, may fall further

Thu, 31 Dec 2015

By Jonathan Underhill Dec. 31 (BusinessDesk) - The New Zealand dollar is heading for a 12 percent annual decline after weathering weaker dairy prices and concerns about slowing Chinese economic growth, and may extend its slide in early 2016 as US growth comes into view. The kiwi fell to 68.41 US cents at 3pm in Wellington from 68.56 cents late yesterday. The trade-weighted index slipped to 74.27 from 74.40 yesterday and is heading for an annual decline of about 6 percent. The year's selloff in the kiwi came as prices of dairy products...

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