NZ dollar falls to 3 1/2-month low as rising US interest rates support greenback

Mon, 23 Apr 2018

By Paul McBeth April 24 (BusinessDesk) - The New Zealand dollar fell to a 3 1/2-month low as rising yields on US Treasuries underpinned support for the greenback as higher US interest rates come at a time when New Zealand's are flat. The kiwi dropped as low as 71.44 US cents, trading at 71.45 cents as at 8am in Wellington from 72.03 cents yesterday. The trade-weighted index declined to 74.04 from 74.24 yesterday. The yield on US 10-year Treasuries peaked just below 3 percent, a key level for fixed income investors, and higher than th...

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