RESEND NZ dollar pares slide as Fonterra hikes forecast

Tue, 24 Sep 2013

(Puts in 8am price in 2nd graph) By Paul McBeth Sept. 24 (BusinessDesk) - The New Zealand dollar pared an earlier decline after Fonterra Cooperative Group, the nation’s biggest exporter, hiked its forecast payout to farmers for the second time in as many month The kiwi traded at 83.33 US cents at 5pm in Wellington climbing from as low as 83.11 cents earlier in the day. The currency had fallen from as much as 83.75 cents 8am and 83.63 cents yesterday. The trade-weighted index declined to 77.61 from 77.86. The local currency got a fillip in...

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