NZ dollar falls to 3-week low vs. greenback on better US data

Wed, 15 Aug 2012

By Hannah Lynch Aug. 15 (BusinessDesk) - The New Zealand dollar fell to a three-week low versus the greenback on speculation stronger-than-expected US data weakens the prospects for monetary easing by the Federal Reserve. The New Zealand dollar was little changed on 80.51 US cents at 5pm from 80.48 cents at 8am, near its lowest since July 26 and down from 80.98 cents at 5pm yesterday. The kiwi fell to 65.29 euro cents from 65.53 cents yesterday. The trade weighted index decreased to 72.56 from 72.85. The greenback held its gains against a...

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