NZ dollar falls against broadly stronger greenback as US bond yields rise

Thu, 19 Apr 2018

By Jonathan Underhill April 20 (BusinessDesk) - The New Zealand dollar fell against a broadly stronger greenback in the face of rising yields on US Treasuries and expectations the US economy is strong enough to see the Federal Reserve continue hiking interest rates this year. The kiwi dollar declined to 72.70 US cents as at 8am in Wellington, and earlier fell as low as 72.58 cents, the lowest in almost two weeks, from 73.23 cents late yesterday. The trade-weighted index dropped to 74.63 from 74.92. The yield on 10-year US Treasuries cl...

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