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Kiwi dollar slips after double hit

2014-08-02 04:02:51| Food - Topix.net

The New Zealand dollar was headed for a 0.8 per cent weekly decline as more buoyant US figures bolstered demand for the greenback and kiwi sentiment was dented by Fonterra Co-operative Group cutting its forecast payout and speculation that the Reserve Bank will make good on hints it will intervene in the currency market.

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