NZ dollar falls as greenback strengthens, Singapore eases policy

Thu, 14 Apr 2016

By Jonathan Underhill April 14 (BusinessDesk) - The New Zealand dollar fell against a broadly stronger US dollar and after the Monetary Authority of Singapore eased policy in a move seen as signalling weaker global growth. The kiwi dropped to 68.44 US cents at 5pm in Wellington, from 69.39 cents late yesterday. The trade-weighted index fell to 72.37 from 73 yesterday. The US dollar index, which measures the greenback against a basket of currencies, has picked up from a six-month low this week on speculation the currency may have sold o...

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