NZ dollar falls as greenback, bond yields rise, Americans spend more

NZ dollar falls as greenback, bond yields rise, Americans spend more
Jonathan Underhill
By Jonathan Underhill Jan. 30 (BusinessDesk) - The New Zealand dollar fell against a broadly stronger greenback and rising bond yields on growing conviction the Federal Reserve will keep hiking interest rates. The kiwi dropped to 73.15 US cents as at 8am in Wellington from 73.33 cents late yesterday. The trade-weighted index decreased to 74.51 from 74.60. The yield on 10-year US Treasuries rose to about 2.71 percent, the highest since April 2014, while the US dollar index gained from its lowest level since December 2014 in a week that...