NZ dollar heads for 1.6% weekly fall as greenback finds favour on rate hike view

Fri, 20 Apr 2018

By Rebecca Howard April 20 (BusinessDesk) - The New Zealand dollar is heading for a 1.6 percent weekly fall and may see further downside as the greenback gains on the prospect of further interest rate increases by the Federal Reserve. The kiwi dollar fell to 72.40 US cents as at 5pm in Wellington from 73.23 cents late yesterday and was down from 73.57 cents last Friday in New York. The trade-weighted index was at 74.40 from 74.92. The US dollar gained traction in the Asian trading session after upbeat economic data raised expectations...

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