NZ dollar little changed below 70 US cents as investors eye dairy auction

Tue, 16 Jun 2015

By Paul McBeth June 16 (BusinessDesk) - The New Zealand dollar was little changed below 70 US cents ahead of the GlobalDairyTrade auction, which will set prices for milk powder and show whether there's any pick up in demand for the nation's biggest export commodity. The kiwi traded at 69.88 US cents at 5pm in Wellington from 69.92 cents at 8.30am and 62.12 cents yesterday. The trade-weighted index was at 72.89 from 72.86 yesterday. Dairy prices fell to a six-year low at Fonterra Cooperative Group's last online auction two weeks ago, an...

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