NZ dollar little changed at about 70 US cents as commodities weaken

Mon, 03 Apr 2017

By Jonathan Underhill April 4 (BusinessDesk) - The New Zealand dollar was little changed, keeping within the narrow range of the past two weeks, with weaker commodity prices generally weighing on the currencies of commodity-exporting nations. The kiwi dollar traded at 70.06 US cents as at 8am in Wellington from 70.03 cents late yesterday. The trade-weighted index was at 76.12 from 76.04. The CRB Index of 19 commonly traded commodities fell 0.7 percent overnight, although the kiwi dollar didn't fall as much as counterparts such as the A...

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