RESEND: NZ dollar falls as dairy, other commodity prices as decline; RBNZ looms

Tue, 07 Nov 2017

(Fixes garble in 2nd paragraph) By Jonathan Underhill Nov. 8 (BusinessDesk) - The New Zealand dollar fell, reversing yesterday's gains, as prices for dairy products and other commodities declined and traders looked ahead to tomorrow's policy statement from the Reserve Bank. The kiwi dropped to 68.97 US cents as at 8am in Wellington from 69.32 cents late yesterday. The trade-weighted index slipped to 73.34 from 73.52. Dairy product prices fell 3.5 percent in the GDT auction, with whole milk powder falling 5.5 percent to US$2,852 a to...

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