NZ dollar falls as European rates, Fed minutes fuel demand for greenback

Thu, 21 Nov 2013

By Paul McBeth Nov. 21 (BusinessDesk) - The New Zealand dollar dropped to a week-low as speculation European interest rates may go negative and the prospect of the US central bank winding back its stimulus programme remaining in sight fuelled demand for the greenback. The kiwi fell as low as 82.35 US cents, trading at 82.55 cents at 5pm in Wellington from 82.75 cents at 8am and down from 83.45 cents yesterday. The trade-weighted index dropped to 77.33 from 77.71 yesterday. The Dollar Index, a measure of the greenback against a basket of c...

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