RESEND: NZ dollar holds near 7-month low as Fonterra results awaited

Tue, 23 Sep 2014

By Jonathan Underhill (Fixes garble in headline) Sept. 23 (BusinessDesk) - The New Zealand dollar, which has dropped along with other so-called commodity currencies on concern China's economic growth is slowing, held near its lowest levels in seven months before Fonterra Cooperative Group's annual results, which may include a cut to its payout forecast. The kiwi traded at 81.25 US cents at 5pm in Wellington, from 81.28 cents at the start of the day and from 81.56 cents late yesterday. The trade-weighted index declined to 78.55 from 78....

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