NZ dollar slips as dairy prices rise as expected, Wheeler's select committee appearance awaited

Tue, 06 Dec 2016

By Jonathan Underhill Dec. 7 (BusinessDesk) - The New Zealand dollar fell as dairy prices rose as expected in the latest GlobalDairyTrade auction and traders looked ahead to Reserve Bank governor Graeme Wheeler's appearance at the parliament today, which may give him scope to comment on monetary conditions. The kiwi dollar fell to 71.08 US cents as at 8am in Wellington, and earlier dipped as low as 70.98 cents, from 71.33 cents late yesterday. The trade-weighted index fell to 77.96 from 78.20. Whole milk powder climbed 4.9 percent to U...

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