NZ dollar dips against greenback after US bond yields rise

Wed, 10 Jan 2018

By Rebecca Howard Jan. 10 (BusinessDesk) - The New Zealand dollar was slightly weaker against the greenback after rising yields on US government bonds continued to spark some renewed interest in the US dollar in Asia. The local currency traded at 71.64 US cents as at 5pm in Wellington from 71.69 US cents as at 9am in Wellington from 71.79 cents yesterday. The trade-weighted index was at 74.66 from 74.64 yesterday. The US dollar found favour when the yield on US 10-year Treasuries rose almost 6 basis points to 2.54 percent, the highest...

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