NZ dollar dips below 65 US cts as US data stokes optimism over world's biggest economy

Wed, 05 Aug 2015

By Paul McBeth Aug. 6 (BusinessDesk) - The New Zealand dollar dipped below 65 US cents for the first time in six years as better than expected US data revived optimism about the strength of the world's biggest economy, and stoked expectations the Federal Reserve will start hiking interest rates. The kiwi fell as low as 64.87 US cents, and was trading at 65.01 cents at 8am in Wellington from 65.22 cents yesterday. The trade-weighted index declined to 69.44 from 69.67 yesterday. The greenback got a boost from better than expected US non-...

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