NZ dollar drops below 73 US cts as rising US wages stoke inflation outlook

Sun, 04 Feb 2018

By Paul McBeth Feb. 5 (BusinessDesk) - The New Zealand dollar fell below 73 US cents for the first time in almost a week as faster wage growth in the US stoked inflation expectations, pushing up the greenback and yields on US Treasuries. The kiwi traded at 72.92 US cents as at 8am in Wellington from 73.01 cents on Friday in New York, down from 73.66 cents at the New Zealand close last week. The trade-weighted index was at 74.66 from 74.69 last week. The yield on 10-year US Treasuries rose to 2.84 percent and the US Dollar Index after...

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