NZ dollar falls as ascendant greenback fanned by rate-hike talk

Mon, 30 May 2016

By Jonathan Underhill May 30 (BusinessDesk) - The New Zealand dollar fell after comments by Federal Reserve chair Janet Yellen added to expectations US interest rates will rise sooner rather than later, encouraging the flow of funds back to the greenback from currencies where rates on offer are negative, such as Japan and Europe. The kiwi fell to 66.84 US cents as at 5pm in Wellington, from 67.44 cents in late Asian trading last week. The trade-weighted index fell to 72.35 from 72.61 in Wellington on Friday. The US dollar has climbed t...

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