NZ dollar falls as greenback rebounds from sell-off in truncated trading week

Mon, 23 Nov 2015

By Paul McBeth Nov. 23 (BusinessDesk) - The New Zealand dollar fell as investors changed their tune on the greenback, having sold it aggressively when minutes to the Federal Reserve's October policy meeting indicated US interest rates would rise at a slower pace than expected. The kiwi dropped to 65.11 US at 5pm in Wellington from 65.56 cents at 8am, and 65.63 cents on Friday in New York. The trade-weighted index declined to 70.99 from 71.57 last week. The Dollar Index, a measure of the greenback against a basket of currencies, climb...

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