NZ dollar falls as Fed rate hike, Italian debt debate boost greenback

Thu, 27 Sep 2018

By Paul McBeth Sept. 28 (BusinessDesk) - The New Zealand dollar fell against a stronger greenback as higher US interest rates and an upcoming debate on Italy's fiscal health buoyed the world's reserve currency. The kiwi declined to 66.14 US cents from 66.54 cents yesterday. It traded at 56.74 euro cents from 56.62 cents yesterday. The US dollar index advanced 0.8 percent as the Fed's track for higher rates continued to make the greenback an increasingly attractive investment, as other central banks including New Zealand are seen keep...

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