NZ dollar falls below 70 US cents as greenback extends Trump-fuelled rally

Sun, 20 Nov 2016

By Jonathan Underhill Nov. 21 (BusinessDesk) - The New Zealand dollar fell below 70 US cents to the lowest since late July as the greenback extended its rally on speculation US president-elect Donald Trump will enact policies that stoke economic growth. The local currency traded at 70.01 US cents, having earlier dipped to 69.93 cents, from 70.09 cents in late New York trading on Friday. The trade-weighted index fell to 77.17 from 77.23. The US dollar index rose 0.5 percent to the highest since March 2003 and has gained 3.6 percent sin...

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