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Dollar pares gains after Fonterra maintains farmer payout

2013-12-11 01:16:08| Food - Topix.net

The kiwi touched a three week high of 83.34 US cents this morning and was trading at 83.28 cents at 8am in Wellington from 82.91 cents at 5pm yesterday The New Zealand dollar pared gains after Fonterra Cooperative Group, the nation's largest company, dashed expectations that it would increase its forecast payout to farmers today.

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