RESEND: NZ dollar falls after dairy prices drop 7.4% at GDT auction, greenback strengthens

Tue, 03 Nov 2015

(Fixes typo on TWI rate in 2nd graph) By Tina Morrison Nov. 4 (BusinessDesk) - The New Zealand dollar fell, hit by a stronger US dollar and weaker prices at the GlobalDairyTrade auction, stoking concern about the outlook for New Zealand's largest export commodity. The kiwi dropped to 66.91 US cents at 8am in Wellington, from 67.46 cents at 5pm yesterday. The trade-weighted index declined to 72.27 from 73.05 yesterday. The kiwi weakened as traders favoured the greenback, betting US economic data broadly in line with expectations will...

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