NZ dollar may extend decline vs. Australian dollar after dairy prices fall

Wed, 18 Nov 2015

By Paul McBeth Nov. 18 (BusinessDesk) - The New Zealand dollar may extend its decline against its Australian counterpart after milk product prices fell at the latest GlobalDairyTrade auction, putting more pressure on the Reserve Bank to cut interest rates. The kiwi has dropped 3.9 percent against the Australian dollar since the start of the month, trading at 91.12 cents at 5pm in Wellington from 91.14 cents yesterday. It was little changed at 64.66 US cents from 64.67 cents at 8am and 64.58 cents yesterday. The average winning GDT pric...

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