NZ dollar extends slide after strong US data, US bond yields at 7-year high

Tue, 15 May 2018

The New Zealand dollar fell to a new five-month low as upbeat US economic figures including retail sales and US Treasury bond yields at seven-year highs overshadowed the positive effects of rising dairy prices. The kiwi dollar fell to 68.56 US cents as at 8am in Wellington from 68.92 cents late yesterday. The trade-weighted index slipped to 72.05 from 72.11. The US dollar index rose to its highest level this year after figures showed an increase in retail sales while the yield on 10-year Treasuries climbed to 3.08 percent, the highest sin...

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