NZ dollar trades near month-low as dairy prices fall, housing market cools

Tue, 03 Oct 2017

By Jonathan Underhill Oct. 4 (BusinessDesk) - The New Zealand dollar fell, trading near a month-low, as an unexpected drop in dairy prices and further evidence of a cooling property market weighed on sentiment. The kiwi traded at 71.57 US cents as at 8am in Wellington, and earlier touched 71.46 cents, from 71.62 cents late yesterday. The trade-weighted index fell to 75.60 from 75.82. Dairy product prices fell in the GlobalDairyTrade auction overnight, with the GDT price index down 2.4 percent and whole milk powder falling 2.7 percent t...

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