NZ dollar slips vs. Australian dollar, yen ahead of dairy auction

Wed, 01 Apr 2015

April 1 (BusinessDesk) - The New Zealand dollar fell against the Australian dollar and the yen ahead of the latest GlobalDairyTrade auction overnight, on speculation prices will fall for a second straight sale amid increased supply of milk powder. The kiwi fell to 97.87 Australian cents as at 5pm in Wellington, from 98.09 cents yesterday, retreating from the post-float high of 98.43 cents earlier this week. The local currency fell to 89.35 yen from 89.94 yen, and traded at 74.76 US cents from 74.79 cents yesterday. Dairy futures have decl...

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