NZ dollar falls from 14-month high against greenback; pound strengthens

Wed, 13 Jul 2016

By Edwin Mitson July 13 (BusinessDesk) - The New Zealand dollar fell as traders booked profits following a run that took the kiwi to a 14-month high against the greenback. The kiwi traded at 72.58 US cents at 5pm in Wellington from 72.96 cents at 8am and 72.63 cents yesterday, having peaked at 73.23 cents in overnight trading. The trade-weighted index fell to 77.44 from 77.53. Share markets around the world have risen since late last week as investors started to shrug off the June 24 decision of the British electorate to vote to leav...

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