NZ dollar falls to two-month low as positive US economic data boosts greenback

Tue, 26 May 2015

By Tina Morrison May 27 (BusinessDesk) - The New Zealand dollar fell to a two-month low as upbeat US economic data reinforced expectations the Federal Reserve will hike interest rates this year, boosting demand for the greenback. The kiwi touched 72.15 US cents, and was trading at 72.18 cents at 8am in Wellington, from 73.13 cents at 5pm yesterday. The trade-weighted index dropped to 75.60 from 76.15 yesterday. The dollar index, which measures the greenback against a basket of currencies, touched a month high following a string of gene...

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