NZ dollar falls

new zealand dollar 1The New Zealand dollar has fallen against the British pound Tuesday trading as low as 50 pence and was trading at 50.04 pence at 0800 in Wellington from 50.47 pence yesterday.

The kiwi was little changed at 65.20 US cents from 65.17 cents yesterday and traded at 91.64 Australian cents from 91.66 cents yesterday.

The local currency increased to 72.50 yen from 72.31 yen yesterday and fell to 4.4698 Chinese yuan from 4.4702 yuan. It slipped to 56.23 euro cents from 52.44 cents yesterday. The trade-weighted index edged down to 71.07 from 71.10.

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