NZ dollar heads for 0.4% weekly fall; Temer steals Trump's limelight, US data prints stronger

Fri, 19 May 2017

By Jonathan Underhill May 19 (BusinessDesk) - The New Zealand dollar fell, and is heading for a 0.4 percent weekly decline, as a scandal surrounding Brazil's President Michel Temer took the spotlight off US President Donald Trump and US data printed strong enough to keep intact bets on a US rate hike next month. The kiwi dollar fell to 68.89 US cents as at 5pm in Wellington from 69.28 cents late yesterday. The trade-weighted index fell to 74.75 from 75.06 yesterday. Among the recent evidence the US economy is strong enough to warrant...

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