NZ dollar drops below 65 US cents as case for Fed rate hike builds

NZ dollar drops below 65 US cents as case for Fed rate hike builds
Tina Morrison
By Tina Morrison Nov. 9 (BusinessDesk) - The New Zealand dollar dipped below 65 US cents following a jump in the US dollar as the case for a US interest rate hike firmed following better-than-expected data on the US labour market. The kiwi touched 64.95 US cents and was trading at 65.09 cents at 8am in Wellington, from 65.18 cents at the New York close and 66.09 cents on Friday. The trade-weighted index was at 71.23 from 71.62 on Friday. The US dollar index, which measures the greenback against a basket of currencies, jumped to its hig...