NZ dollar dips against US dollar after greenback recovers some ground

Fri, 28 Jul 2017

By Rebecca Howard July 28 (BusinessDesk) - The New Zealand dollar was weaker after the greenback clawed back some of its losses and was only headed toward a weekly gain of 0.2 percent despite touching a 26-month high yesterday. The kiwi fell to 74.75 US cents at 5pm versus 75.88 US cents at 8am in Wellington, well off the 26-month high of 75.58 US cents it touched in Asian trading yesterday. The trade-weighted index declined to 78.83 from 79.21. Tim Kelleher, ASB Bank head of institutional foreign exchange sales New Zealand, said the...

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