NZ dollar slips after rising above 69 US cents overnight; dairy prices rise but on lower volumes

Tue, 05 Dec 2017

By Jonathan Underhill Dec. 6 (BusinessDesk) - The New Zealand dollar fell from its overnight highs against the greenback as dairy prices gained at the latest auction but on lower volumes. It rose against the Aussie dollar after the Reserve Bank of Australia kept its cash rate at a record low. The kiwi traded at 68.81 US cents as at 8am in Wellington, having touched 69.07 cents late yesterday. It rose to 90.43 Australian cents from 90.21 Australian cents yesterday. The GDT price index rose 0.4 percent in the latest GlobalDairyTrade auct...

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