NZ dollar touches fresh two-month low as Fonterra payout forecast awaited

Wed, 27 May 2015

By Tina Morrison May 28 (BusinessDesk) - The New Zealand dollar touched a fresh two-month low ahead of an expected announcement from Fonterra Cooperative Group today on a forecast payout to farmers for the upcoming season. The kiwi touched 72.08 US cents and was trading at 72.43 cents at 8am in Wellington, from 72.51 cents at 5pm yesterday. The trade-weighted index slipped to 75.82 from 75.88 yesterday. Fonterra is expected to announce its milk price for the upcoming 2015/16 season following yesterday's board meeting. Last month, the d...

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