Kiwi Leads Commodity Currencies Lower on China

24
Sep

Latest news from Bloomberg this morning.

Currencies of commodity-exporting nations including New Zealand and Australia dropped versus the dollar amid concern that growth in China, the world’s second-biggest economy, is slowing.

New Zealand’s dollar sank against all of its 31 major peers after a private survey suggested China, the nation’s biggest trade partner, remains stuck in “low gear.” The Australian dollar and Brazil’s real fell to seven-month lows, while the Bloomberg Dollar Spot Index rose to a four-year high.

To read more on this news please follow the link below.

http://www.bloomberg.com/news/2014-09-23/currencies-of-commodities-exporters-decline-third-day-on-outlook.html

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