NZ dollar falls as US economy grows more than expected

Tue, 23 Dec 2014

By Paul McBeth Dec. 24 (BusinessDesk) - The New Zealand dollar fell after data showed the US economy grew more than expected in the third quarter, stoking demand for the greenback on heightened expectations the Federal Reserve will start hiking interest rates. The kiwi fell to 77.02 US cents at 8am in Wellington from 77.37 cents yesterday. The trade-weighted index declined to 78.41 from 78.60. US gross domestic product grew at an annual pace of 5 percent in the third quarter, its fastest pace since the same period in 2003. The data dro...

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