NZ dollar falls against stronger greenback as commodities drop, US consumer confidence rises

Tue, 30 Aug 2016

By Jonathan Underhill Aug. 31 (BusinessDesk) - The New Zealand dollar fell against a broadly stronger US dollar as commodity prices fell, US consumer confidence rose and Japan signalled its willingness to tackle gains in the yen. The kiwi fell to 72.15 US cents as at 8am in Wellington from 72.47 cents late yesterday. The trade-weighted index eased to 77.10 from 77.18. The US dollar index has climbed about 1.5 percent since Friday in the US, when Federal Reserve chairwoman Janet Yellen and vice chairman Stanley Fischer talked up the pro...

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