NZ dollar falls as central bankers eye move to higher interest rates

Thu, 29 Jun 2017

By Paul McBeth June 30 (BusinessDesk) - The New Zealand dollar fell as investors rethink the globally low interest rate environment with a Bank of England senior official joining the growing chorus of central bankers musing on the end to ultra-loose monetary policy. The kiwi dropped to 72.91 US cents as at 8am in Wellington from 73.18 cents yesterday. The trade-weighted index declined to 78.05 from 78.37. Stocks on Wall Street fell and the yield on 10-year US Treasuries rose 5 basis points to 2.27 percent as investors took on board t...

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