NZ dollar falls near 72 US cts as growing inflationary pressures drive up US Treasury yields

Sun, 22 Apr 2018

By Paul McBeth April 23 (BusinessDesk) - The New Zealand dollar fell near 72 US cents as growing inflationary pressures stoke expectations for higher US interest rates, underpinning demand for the greenback. The kiwi was unchanged at 72.07 US cents at 8am in Wellington from the New York close on Friday, having dropped from 72.40 cents last week in Asia. The trade-weighted index was at 74.33 from 74.29 last week. The yield on US 10-year Treasuries rose 5 basis points to 2.96 percent, a four-year high, as recent gains in commodity pric...

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