Tag Archives: DCD

NZ dollar falls on reports of China destroying local milk, Fonterra plays down scare

The New Zealand dollar fell in local trading after reports China’s quarantine administration destroyed three different brands of locally-produced milk powder, reigniting fears about the quality of the country’s biggest export. The kiwi shed half a US cent in the local session on the initial reports, recovering by 5pm to trade at 84.30 US cents from 84.51 cents this morning …

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