NZ dollar falls on optimism stronger US economy may ease monetary supply

Thu, 09 May 2013

By Tina Morrison May 10 (BusinessDesk) - The New Zealand dollar fell as the greenback strengthened above 100 yen to a four-year high on speculation an improvement in the U.S. economy may bring forward an end to quantitative easing. The kiwi fell to 83.90 US cents from 84.56 cents at 5pm yesterday, having dropped as low as 83.51. The trade weighted index fell to 77.86 from 77.97. The US dollar rose against other major currencies including the yen, Aussie and kiwi after an upbeat jobless report suggested a stabilising labour market in the worl...

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