NZ dollar falls as data shows US economy in good heart, Trump press conference looms

Tue, 10 Jan 2017

By Paul McBeth Jan. 11 (BusinessDesk) - The New Zealand dollar fell as the latest data showed the US economy continues to remain in good health ahead of president-elect Donald Trump's first press conference since winning the November election. The kiwi dropped to 69.85 US cents as at 8am from 70.38 cents yesterday. The trade-weighted index declined to 77.35 from 77.83. The greenback has been on the ascendency since Trump was victorious in the November election, heightening expectations the Federal Reserve will raise interest rates mo...

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