NZ dollar falls after Fed's Yellen stokes rate hike speculation, ECB decision looms

Thu, 03 Dec 2015

By Paul McBeth Dec. 3 (BusinessDesk) - The New Zealand dollar fell after Federal Reserve chair Janet Yellen kept alive expectations for a rate hike this month, saying she was confident about the outlook for the world's biggest economy. The kiwi traded at 66.47 US cents, down from 66.63 cents yesterday. The trade-weighted index was little changed at 72.28 from 72.29 yesterday. The greenback rallied after Yellen warned delays to the planned move away from a zero interest rate monetary policy would lead to sharper hikes in the future, a...

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