NZ dollar falls after jump in US consumer confidence that may signal economic pickup

Tue, 28 Mar 2017

By Jonathan Underhill March 29 (BusinessDesk) - The New Zealand dollar fell after a measure of US consumer confidence jumped to its highest level in almost two decades, signalling a pickup in the world's biggest economy. The kiwi dropped to 70.08 US cents as at 8am in Wellington from 70.40 cents late yesterday. The trade-weighted index declined to 75.99 from 76.21. The US Conference Board's consumer confidence index rose 9.5 points to 125.6 in March, the highest reading since December 2000, and Americans became more optimistic about bo...

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