NZ dollar falls ahead of Yellen speech, local inflation looms

Tue, 15 Apr 2014

By Paul McBeth April 15 (BusinessDesk) - The New Zealand dollar fell ahead of a speech by Federal Reserve chair Janet Yellen as investors look for insight into the US central bank’s view on interest rates and await tomorrow’s release of local inflation figures. The kiwi slipped to 86.51 US cents at 5pm in Wellington from 86.78 cents at 8am from 86.82 cents yesterday. The trade-weighted index declined to 80.26 from 80.45. Yellen opens the Federal Reserve Bank of Atlanta’s financial markets conference, which is themed on proposals and actio...

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