NZ dollar slide may be near end with local data likely to show robust labour market

Mon, 01 May 2017

By Paul McBeth May 1 (BusinessDesk) - The New Zealand dollar may be ripe for a turnaround after falling over the past month, with local data this week expected to show the labour market in good heart and while the latest dairy auction may show resilient global dairy prices. The kiwi dropped 1.5 percent against the greenback in April and was trading near a 10-month low at 68.56 US cents at 5pm in Wellington from 68.66 cents on Friday in New York. The trade-weighted index fell 1.5 percent in April and declined to 74.51 from 74.72 last week...

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