NZ dollar falls as greenback strengthens after inflation report, Yellen speech

Sun, 24 May 2015

By Tina Morrison May 25 (BusinessDesk) - The New Zealand fell as the US dollar strengthened following signs of rising US inflation and after Federal Reserve chair Janet Yellen said interest rates were on track to increase this year. The kiwi slipped to 73.02 US cents at 8am in Wellington, from 73.20 cents at the New York close and 73.84 cents at 5pm on Friday in Wellington. The trade-weighted index dropped to 75.98 from 76.30 on Friday. The US dollar index, which measures the greenback against a basket of currencies, touched its highes...

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