NZ dollar extends decline through Anzac Day as US bond yields hit 4-year high

Wed, 25 Apr 2018

By Paul McBeth April 26 (BusinessDesk) - The New Zealand dollar extended its decline through the Anzac Day holiday as the greenback flourished with rising yields on US Treasuries boosting returns for the world's reserve currency. The kiwi fell to 70.66 US cents at 8am in Wellington from 70.94 cents yesterday and 71.14 cents before the local public holiday. The trade-weighted index was at 73.40 from 73.35 at the Tuesday close. The US dollar index rose 0.5 percent, following the yield on US Treasuries higher, with the 10-year note risi...

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