NZ dollar falls as Fed rate-hike message digested, non-farm payrolls awaited

Mon, 29 Aug 2016

By Jonathan Underhill Aug. 29 (BusinessDesk) - The New Zealand dollar fell after the top two Federal Reserve officials gave an upbeat message about the outlook for US interest rates this year, increasing the focus on upcoming data such as non-farm payrolls. The kiwi traded at 72.39 US cents as at 5pm in Wellington, from 73.26 cents in New York on Friday before Fed chairwoman Janet Yellen and vice chairman Stanley Fischer spoke. The trade-weighted index fell to 77.14 from 77.54. Yellen's speech at the Jackson Hole central bankers retre...

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