NZ dollar falls as speculation over Bank of Japan stimulus drives up bond yields

Mon, 23 Jul 2018

By Paul McBeth July 24 (BusinessDesk) - The New Zealand dollar fell as mounting speculation the Bank of Japan will adjust its extraordinary stimulus programme drove up US government bond yields and as Chinese authorities added more support to lenders. The kiwi declined to 67.82 US cents as at 8am in Wellington from 68.14 cents yesterday. The trade-weighted index was at 73.01 from 73.10 yesterday. The yield on US 10-year Treasuries rose 7 basis points to a month-high 2.96 percent as investors weighed up the impact of a new policy fram...

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