NZ dollar drops to 4-week low after hawkish Fed comments, Syria attack

Sun, 09 Apr 2017

By Jonathan Underhill April 10 (BusinessDesk) - The New Zealand dollar fell to its lowest level in almost four weeks after New York Fed President William Dudley said he didn't expect the central bank to delay raising interest rates in order to shrink its balance sheet. The kiwi dropped to 69.31 US cents as at 8am in Wellington from 69.34 cents in late New York trading on Friday, when it fell as low as 69.26 cents, the lowest since March 15. The trade-weighted index declined to 75.76 from 77. US non-farm payrolls showed the US economy a...

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