NZ dollar declines on US dollar strength after upbeat FOMC minutes

Wed, 20 Aug 2014

By Tina Morrison Aug. 21 (BusinessDesk) - The New Zealand dollar declined as the US dollar strengthened after minutes to the Federal Reserve's last meeting were more upbeat than expected about the world's largest economy. The kiwi fell to 83.67 US cents at 8am in Wellington, from 83.88 cents at 5pm yesterday. The trade-weighted index edged lower to 78.91 from 78.93 yesterday. The US dollar index, which measures the greenback against a basket of currencies, rose to its highest in almost a year after minutes from the Federal Reserve Ope...

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