NZ dollar retreats from month-high as election looms, commodity prices fall

Sun, 10 Sep 2017

By Jonathan Underhill Sept. 11 (BusinessDesk) - The New Zealand dollar fell from a month-high with no clear favourite for the upcoming general election and a drop in commodity prices in New York on Friday. The kiwi was trading at 72.66 US cents as at 8:30am in Wellington, little changed from Friday in New York and down from 73.21 cents in Wellington at the end of last week. The trade-weighted index fell to 75.34 from 75.59. An NZ Herald election forecast, taking in the latest opinion polls, projected 54 seats for Labour and 48 for Nati...

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