Dairy prices fell in the overnight auction, adding to weaker kiwi sentiment. The kiwi dollar fell to 69.61 US cents as at 8am in Wellington, the lowest since early January, from 70.06 cents late yesterday. The kiwi extended its decline after dairy prices fell, as expected at the GlobalDairyTrade auction overnight. The New Zealand dollar fell to 91.68 Australian cents from 92.14 cents. The local currency fell to 57.03 British pence from 57.21 pence and slipped to 65.85 euro cents from 66.16 cents.

Source: New Zealand Herald March 07, 2017 19:52 UTC