NZ dollar declines as greenback seen attractive on signs of weaker European growth

Tue, 14 Oct 2014

By Tina Morrison Oct. 15 (BusinessDesk) - The New Zealand dollar declined as signs of weaker European economies turned investor attention to a revival in the US, increasing demand for the greenback. The kiwi slipped to 78.33 US cents at 8am in Wellington, from 78.98 cents at 5pm yesterday. The trade-weighted index declined to 76.35 from 76.68 yesterday. The dollar index, which measures the greenback against a basket of currencies, jumped overnight following a positive start to the US quarterly earnings season with companies such as Cit...

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