NZ dollar tumbles after weak Chinese trade data points to demand drop

Mon, 13 Apr 2015

By Jonathan Underhill April 13 (BusinessDesk) - The New Zealand dollar tumbled after figures showed China's exports unexpectedly fell while its imports recorded a bigger decline than forecast, signalling weaker demand for commodities in the fastest-growing major economy. The kiwi fell to 74.47 US cents from 75.22 cents at the start of the day and from 75.71 cents in Wellington on Friday. the trade-weighted index fell to 78.61 from 79.39 on Friday. China's exports declined 14.6 percent in March from a year ago, according to government f...

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