NZ dollar falls on strength of US economy, weak dairy; ECB looms

Wed, 03 Dec 2014

By Jonathan Underhill Dec. 4 (BusinessDesk) - The New Zealand dollar fell as increasing confidence about the pace of the US economy drove up the greenback and traders continued to weigh the implications for the local economy of weaker dairy prices. The kiwi fell to 77.55 US cents as at 8am in Wellington, from 77.71 US cents late yesterday. The trade-weighted index was little changed at 78.10 from 78.13. The US Federal Reserve's Beige Book reported "widespread" gains in employment, rising consumer spending and a pickup in manufacturing...

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