NZ dollar heading for 1.1% weekly decline as greenback strengthens

Fri, 15 Jun 2018

By Rebecca Howard June 15 (BusinessDesk) - The New Zealand dollar is headed for a 1.1 percent weekly decline against the greenback, which has strengthened in the face of a weaker euro and stronger economic data. The kiwi dollar traded at 69.53 US cents as at 5pm in Wellington from 70.28 cents late yesterday and from 70.31 cents on Friday last week in New York. The trade-weighted index was at 73.47 from 73.71 late yesterday. The euro took a tumble overnight and in Asian trading after the European Central Bank indicated it might not lif...

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