NZ dollar falls back below 75 US cents as US durable goods data helps greenback recover

Thu, 27 Jul 2017

By Jonathan Underhill July 28 (BusinessDesk) - The New Zealand dollar fell below 75 US cents, having touched a 26-month high against the greenback yesterday, after US durable goods orders rose more than expected in June, stoking optimism the world's biggest economy didn't falter in the second quarter. The kiwi fell to 74.88 US cents as at 8am in Wellington from 75.45 cents late yesterday. The trade-weighted index declined to 78.93 from 79.21. US durable goods orders rose 6.5 percent in June, helped by aircraft orders, beating expectati...

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