NZ dollar slides to 2-week low on weaker commodity, dairy prices

Tue, 15 Mar 2016

By Tina Morrison March 16 (BusinessDesk) - The New Zealand dollar dropped to a two-week low as the price of dairy products and other commodities declined. The kiwi hit 65.82 US cents, and was trading at 65.92 cents at 8am in Wellington, from 66.67 cents at 5pm yesterday. The trade-weighted index slid to 70.78 from 71.39 yesterday. Investors shed currencies of commodity producing countries such as Australia, New Zealand, Canada and Brazil following declines in the price of commodities including dairy products, oil and gold. Dairy produc...

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