NZ dollar falls as stronger economic data, Opec cuts stoke greenback

Wed, 30 Nov 2016

By Jonathan Underhill Dec. 1 (BusinessDesk) - The New Zealand dollar fell below 71 US cents after stronger-than-expected private payrolls and consumer spending data in the US and a surge in the price of crude oil added to expectations US inflation will accelerate, driving up interest rates. The kiwi dollar fell to 70.86 US cents as at 8am in Wellington from 71.44 cents late yesterday. The trade-weighted index slipped to 78.13 from 78.48. Crude oil jumped almost 9 percent after the Organization of the Petroleum Exporting Countries (Opec...

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