NZ dollar slips on weak Chinese data, may extend decline

Mon, 15 Sep 2014

By Paul McBeth Sept. 15 (BusinessDesk) - The New Zealand dollar fell after weak Chinese data dimmed the outlook for the world's second-biggest economy as traders awaited the US Federal Reserve meeting and local figures on growth and the balance of payments. The kiwi slipped to 81.28 US cents at 5pm in Wellington from 81.58 cents at 8am and 81.51 cents on Friday in New York. The trade-weighted index declined to 78.11 from 78.53 last week. Weaker than expected Chinese industrial output, retail sales and fixed-asset investment eroded opti...

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