NZ dollar heads for 1.5% weekly decline as final vote tally looms, greenback gains

Fri, 06 Oct 2017

By Rebecca Howard Oct. 6 (BusinessDesk) - The New Zealand dollar is heading for a 1.5 percent fall this week ahead of tomorrow's final vote count and as hopes for US tax reforms and rate hikes push up the greenback. The kiwi traded at 70.96 as a 5pm in Wellington versus 71.13 cents as at 8am and from 71.53 cents yesterday. It traded at 72.05 cents in New York last Friday. The trade-weighted index declined to 75.23 from 75.55 yesterday. The greenback got a lift Friday after the Republican-controlled House of Representatives narrowly a...

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