NZ dollar falls as greenback benefits on tax reform progress; RBNZ speech awaited

Mon, 04 Dec 2017

By Jonathan Underhill Dec. 5 (BusinessDesk) - The New Zealand dollar fell against a broadly stronger greenback after the US Senate approved tax reforms that analysts say could boost the world's biggest economy by 0.3 percent next year. The kiwi traded at 68.43 US cents as at 8am in Wellington from 68.59 cents late yesterday. The trade-weighted index was at 72.24 from 72.38 yesterday. Tax cuts are expected to stoke a US economy that's already travelling at a fast enough pace to give the Federal Reserve reason to hike interest rates agai...

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