NZ dollar declines as greenback strengthens on US retail sales, oil gain

Sun, 14 Feb 2016

By Tina Morrison Feb. 15 (BusinessDesk) - The New Zealand dollar fell after the greenback strengthened as investor optimism was boosted by a gain in US retail sales and higher oil prices. The kiwi slid to 66.18 US cents at 8am in Wellington, from 66.29 cents at the New York close and 66.84 cents at 5pm on Friday. The trade-weighted index declined to 72.03 from 72.56 on Friday. The US dollar index, which measures the greenback against a basket of currencies, advanced after a report showed US retail sales increased 0.2 percent in January...

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