NZ dollar falls as US inflation bolsters case for Fed rate hike

Tue, 15 Dec 2015

By Tina Morrison Dec. 16 (BusinessDesk) - The New Zealand dollar weakened amid US dollar strength after upbeat US inflation data cemented expectations the Federal Reserve will hike interest rates this week. The kiwi fell to 67.56 US cents at 8am in Wellington, from 67.88 cents at 5pm yesterday. The trade-weighted index declined to 73.67 from 73.77 yesterday. The US dollar index, which measures the greenback against a basket of currencies, soared after a report showed the US core consumer price index rose 2 percent in the year through N...

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