NZ dollar falls as Trump-Kim meeting spurs on greenback; Fed looms

Tue, 12 Jun 2018

By Paul McBeth June 13 (BusinessDesk) - The New Zealand dollar fell as the historic meeting between US President Donald Trump and North Korean leader Kim Jong Un spurred demand for the greenback as relations between the nations thawed, and ahead of the Federal Reserve's latest policy review. The kiwi declined to 70.03 US cents as at 8am in Wellington from 70.37 cents yesterday. The trade-weighted index decreased to 73.51 from 73.72 yesterday. The US dollar index, a measure of the greenback against a basket of currencies, gained 0.2 per...

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