NZ dollar falls after positive US data boosts confidence about revival in world’s largest economy

Mon, 21 Apr 2014

By Tina Morrison April 22 (BusinessDesk) – The New Zealand dollar weakened after positive US data boosted confidence about a revival in the world’s largest economy, reinforcing expectations the Federal Reserve will continue to pull back its stimulus this year. The kiwi fell to 85.59 US cents at 8am in Wellington from 85.65 cents at 5pm yesterday and 86.17 cents at 5pm on Thursday. New Zealand markets were closed on Friday and Monday for the Easter public holiday although US markets were open yesterday. The trade-weighted index slipped to 79....

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