NZ dollar trims advance, may gain on prospects of stronger dairy auction

Wed, 15 Oct 2014

By Jonathan Underhill Oct. 15 (BusinessDesk) - The New Zealand dollar trimmed its gains of the start of the week though it may advance again should a return of Chinese buyers to the dairy auction overnight push dairy prices up from the lowest level in more than five years. The kiwi traded at 78.37 US cents at 5pm in Wellington, little changed from the start of the day, having fallen from 78.98 cents late yesterday as the greenback broadly strengthened. The trade-weighted index fell to 76.43 from 76.68 yesterday. Dairy product prices fe...

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