NZ dollar dips below key 77 US cts as greenback touches fresh four-year high

Wed, 05 Nov 2014

By Tina Morrison Nov. 6 (BusinessDesk) - The New Zealand dollar fell below a key support level of 77 US cents overnight, driven by a strengthening US currency on optimism about the outlook for the world's largest economy. The kiwi touched 76.83 US cents, and was trading at 77.15 cents at 8am in Wellington, from 78.29 cents at 5pm yesterday. The trade-weighted index dropped to 76.51 from 77.05 yesterday. The US dollar index, which measures the greenback against a basket of currencies, touched a fresh four-year high of 87.606, after the...

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