NZ dollar falls as upbeat Fed drives greenback higher as rate hikes loom

Wed, 29 Jul 2015

By Jonathan Underhill July 30 (BusinessDesk) - The New Zealand dollar fell after the Federal Reserve noted a strengthening US labour market and improvement in the housing market, factors that may herald a lift in US interest rates from near zero. The greenback was broadly stronger after the statement. The kiwi dollar traded at 66.62 US cents as at 8am in Wellington, from 66.98 cents late yesterday. The trade-weighted index fell to 71.06 from 71.31. The Dollar Index, which tracks the greenback against a basket of major currencies, rose...

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