NZ dollar falls as certainty grows for US rate hike in December

Wed, 16 Nov 2016

By Jonathan Underhill Nov. 17 (BusinessDesk) - The New Zealand dollar fell as the greenback rose to a level it has only touched once before since 2003 after Federal Reserve Bank of St. Louis President James Bullard said Donald Trump's presidential victory is unlikely to prevent a Fed rate hike next month. The local currency fell to 70.74 US cents as at 8am in Wellington from 70.92 cents late yesterday. The trade-weighted index edged up to 77.43 from 77.36 from 77.47 as the Australian dollar weakened ahead of employment data for October,...

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