NZ dollar heads for 3.5% weekly drop as US economy shines

Fri, 23 Jan 2015

By Paul McBeth Jan. 23 (BusinessDesk) - The New Zealand dollar is heading for a 3.5 percent weekly decline against the greenback as the strength of the US economy was reinforced by Europe's central bank rolling out a bigger than expected quantitative easing package to reinvigorate the moribund Eurozone. The kiwi fell to 75.14 US cents at 5pm in Wellington from 77.88 cents on Friday in New York last week. It traded at 75.07 cents at 8am and 75.25 cents yesterday. The trade-weighted index rose to 77.24 from 77.08 yesterday, and is heading f...

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