NZ dollar sinks to 5-day low
DAIRY prices were down for the first time in five auctions on the GlobalDairyTrade platform, leading to a fall in the kiwi dollar.
THE New Zealand dollar fell to a five-day low, and may extend its decline, after dairy prices fell for the first time in five auctions on the GlobalDairyTrade platform.
THE kiwi fell to 67.50 US cents as at 5pm in Wellington, from 68.07 cents late yesterday. The trade-weighted index declined to 72.35 from 72.94 yesterday.
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