NZ dollar gains in face of US, China holidays, but may suffer on greenback strength

Mon, 19 Feb 2018

By Jonathan Underhill Feb. 19 (BusinessDesk) - The New Zealand dollar fell from the four-month high it reached at the end of last week amid speculation the market may be under-estimating the prospects for Federal Reserve rate hikes this year that should support the greenback. The kiwi traded at 73.98 US cents as at 5pm in Wellington from 73.88 cents in New York on Friday and down from as high as 74.38 cents at the end of last week. The trade-weighted index was at 75.60 from 75.54 in New York. With public holidays in both China and the...

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