NZ dollar little changed as greenback momentum slows

Wed, 21 Dec 2016

By Rebecca Howard Dec. 21 (BusinessDesk) - The New Zealand dollar was little changed as the greenback lost some of its lustre in the Asian trading session, having touched a six-month low on a dip in dairy prices. The kiwi dollar traded at 69.34 US cents as at 5pm in Wellington from 69.30 cents late Tuesday after touching an overnight low of 68.80 cents as dairy prices fell. It was the first time in four auctions that prices fell on the GlobalDairyTrade platform overnight, with whole milk powder down 0.8 percent to US$3,568 a tonne. ...

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