NZ dollar falls on growing optimism over US economy; FOMC minutes loom

Wed, 20 May 2015

By Paul McBeth May 20 (BusinessDesk) - The New Zealand dollar fell as investor optimism about the strength of the US economy, ahead of minutes to the last Federal Open Market Committee meeting, underpins the greenback. The kiwi traded at 73.58 US cents at 5pm in Wellington from 73.35 cents at the start of the day and from 74.20 cents yesterday. The trade-weighted index declined to 76.19 from 76.39 yesterday. Better-than-expected housing data in the US has stoked speculation recent weakness in the world's biggest economy may have been s...

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