CORRECT: NZ dollar gains as US retail sales unexpectedly decline, weighing on greenback

Tue, 14 Jul 2015

(Corrects month in third graph) By Tina Morrison July 15 (BusinessDesk) - The New Zealand dollar gained as an unexpected decline in US retail sales raised speculation an increase in US interest rates may start later than previously thought, weighing on the greenback. The kiwi rose to 67.04 US cents at 8am in Wellington, from 66.73 cents at 5pm yesterday. The trade-weighted index advanced to 70.94 from 70.68 yesterday. The US dollar index, which measures the greenback against a basket of currencies, declined after a report showed US...

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