New Zealand Dollar slides to lowest in a month

Source: Bloomberg
© Scanpix/Reuters
The Kiwi fell to the lowest level in approximately a month versus its U.S. peer after China banned dairy product import from Fonterra Cooperative Group. New Zealand's Dollar depreciated 0.6% to 77.90 U.S. cents at 4:40 p.m. Sydney time, after reaching 76.93, the weakest since July 8. The Kiwi slipped 0.5% to NZ$1.1421 per Aussie, while the Australian Dollar fell 0.1% to 88.96 U.S. cents, after reaching 88.48.
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