NZ dollar little changed as dairy product prices bounce as expected

Tue, 18 Aug 2015

By Tina Morrison Aug. 19 (BusinessDesk) - The New Zealand dollar was little changed after dairy product prices jumped as expected at auction overnight, as the bounce had already been priced into the local currency. The kiwi was at 65.84 US cents at 8am in Wellington, from 65.89 cents at 5pm yesterday. The trade-weighted index edged lower to 70.96 from 71.04 yesterday. Dairy product prices jumped in the latest GlobalDairyTrade auction, rising for the first time in nearly six months after Fonterra Cooperative Group cut back the volume of...

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