NZ dollar falls to 3-year low as investors favour greenback, shed euro

Sun, 25 Jan 2015

By Tina Morrison Jan. 26 (BusinessDesk) - The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. The kiwi touched 74.25 US cents this morning, having broken through its 2012 support levels around 74.50 cents, and reaching its lowest level since November 2011 when it touched 73.67 cents. The local currency was trading at 74.36 US cents at 8am in Wellington, from 74.50 cents at the New York close and 75.10 cents at 5pm in Wellington o...

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