NZ dollar falls vs greenback on stronger US GDP data, quarter-end flows

Wed, 28 Mar 2018

By Jonathan Underhill March 29 (BusinessDesk) - The New Zealand dollar fell against the greenback after US fourth-quarter economic growth was revised up and declined against the Aussie heading into the end of the first quarter. The kiwi dollar fell to 72.07 US cents as at 8am in Wellington from 72.69 cents late yesterday. It dropped to 94.10 Australian cents from 94.40 cents. US gross domestic product for the fourth quarter was revised to an annualised growth rate of 2.9 percent from 2.5 percent, showing the world's biggest economy did...

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