NZ dollar falls on tepid economic growth, rising greenback

Thu, 21 Jun 2018

By Rebecca Howard June 21 (BusinessDesk) - The New Zealand dollar lost further ground against the greenback as today's gross domestic product data added to recent weak data and as the US dollar continued to push higher in Asian trading on the prospect of interest rate rises in the US and easing trade jitters. The kiwi dollar fell to 68.37 US cents as at 5pm in Wellington from 68.60 cents at 8am and 69.01 cents late yesterday. The trade-weighted index fell to 72.83 from 73.33. The local currency dipped after Statistics New Zealand sai...

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