NZ dollar holds below 85 US cents as dairy auction looms

Mon, 18 Aug 2014

By Jonathan Underhill Aug. 18 (BusinessDesk) - The New Zealand dollar was little changed below 85 US cents as a lack of local data had traders watching geopolitical tensions in Ukraine and the Middle East while awaiting the next GlobalDairyTrade auction to see if dairy prices will continue to slide. The kiwi traded at 84.98 US at 5pm in Wellington, from 84.88 cents at 8am and from 84.82 cents on Friday in New York. The trade-weighted index was at 79.62, little changed from last week. Price of dairy products dropped to their lowest leve...

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