NZ dollar falls, may extend slide on Trump speech, US data

Tue, 30 Jan 2018

By Jonathan Underhill Jan. 30 (BusinessDesk) - The New Zealand dollar fell against a broadly stronger greenback and may extend its decline if US President Donald Trump talks up the US dollar in his first State of the Union address. The kiwi dropped to 73.15 US cents as at 5pm in Wellington from 73.33 cents late yesterday. The trade-weighted index decreased to 74.56 from 74.60. The yield on 10-year US Treasuries rose to about 2.71 percent, the highest since April 2014 overnight, while the US dollar index gained from its lowest level sin...

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