Thu, 19 Apr 2012 11:31:15 GMT
Kiwi depreciates on drop in commodity prices
New Zealand's Dollar weakened, reaching a 1-week record low against its US peer as the prices of commodities declined, hampering investor interest for currencies of raw material-exporting nations. Kiwi tumbled 0.6% versus US Dollar to USD 0.8159 while Aussie slipped 0.3% to USD 1.0359. Currently NZD/USD is trading at USD 0.8162 and AUD/USD is trading at USD 1.0358.