NZ dollar weakens from elevated levels after drop in business confidence

Mon, 30 Jun 2014

By Jonathan Underhill June 30 (BusinessDesk) - Business confidence fell in June, according to the ANZ Business Outlook, which showed a net 43 percent of those surveyed see better general business conditions in the year ahead, down from 54 percent a year earlier, a decline attributed to a central bank raising interest rates, lower export prices for dairy and forestry, and a housing market showing signs of cooling. Prime Minister John Key said at his post-Cabinet media conference today that he expects the kiwi dollar to fall as commodi...

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