The New Zealand dollar was little changed on a day that provided new information about the economy, kicking off a week that includes labour market data, the latest GlobalDairyTrade auction and the minutes of the last Federal open Market Committee meeting. The kiwi dollar traded at 71.75 US cents as at 5pm in Wellington, from 72 cents in late New York trading on Friday. "Speizer said data he looks at indicates whole milk powder could rise 12 percent in this week's auction, adding to the 10 percent gain two weeks ago. The BNZ-BusinessNZ performance of services index fell 2.4 index points to a seasonally adjusted 54.2 last month, with all five sub-indices dropping.The kiwi traded at 93.79 Australian cents from 94.12 cents in New York on Friday. It dropped to 4.7699 yuan from 4.7733 yuan and fell to 72.69 yen from 72.84 yen.

Source: New Zealand Herald August 15, 2016 05:37 UTC