NZ dollar dips on signs of US economic growth

Mon, 22 Dec 2014

By Paul McBeth Dec. 23 (BusinessDesk) - The New Zealand dollar slipped as stocks on Wall Street rallied ahead of economic data that's expected to show a faster pace of growth in the world's biggest economy. The kiwi declined to 77.24 US cents at 8am in Wellington from 77.49 cents yesterday. The trade-weighted index decreased to 78.41 from 78.53 yesterday. Stocks on Wall Street rose, with the Dow Jones Industrial Average up 0.6 percent, ahead of the third reading of US gross domestic product, which is expected to show a faster pace of g...

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