NZ dollar declines as better data buoys greenback, commodities weaken

Wed, 26 Aug 2015

By Tina Morrison Aug. 27 (BusinessDesk) - The New Zealand dollar fell as better-than-expected US durable goods data supported the greenback and commodity currencies weakened. The kiwi dropped to 64.30 US cents at 8am in Wellington, from 64.93 cents at 5pm yesterday. The trade-weighted index declined to 69.61 from 70.12 yesterday. The US dollar index, which measures the greenback against a basket of currencies, climbed after US durable goods orders printed stronger than expected in July, up 2 percent from the previous month compared wit...

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