New Zealand’s dollar was set for the longest run of weekly declines against its Australian counterpart in more than a year as the smaller nation’s central bank signaled hesitation to raise borrowing costs.
New Zealand’s government said domestic apple growers suspended exports to China after a fungal rot discovery, less than two months after the nation’s biggest exporter was hurt by a contamination scare.
New Zealand said China halted imports of milk powders from Fonterra Cooperative Group Ltd. after the world’s largest dairy exporter warned of a contaminated ingredient. The kiwi dollar fell to an almost one-month low.
New Zealand police are planning to search media organizations in response to Prime Minister John Key’s complaint that a private conversation was secretly taped ahead of national elections later this month.