NZ dollar hits 2-month high as investors shun greenback amid weaker US data

Tue, 22 Dec 2015

By Tina Morrison Dec. 23 (BusinessDesk) - The New Zealand dollar touched a two-month high in illiquid trading heading into the Christmas holiday period as investors shun the greenback. The kiwi reached 68.36 US cents overnight, and was trading at 68.06 cents at 8am in Wellington, from 68.05 cents at 5pm yesterday. The trade-weighted index was at 73.94 from 74.02 yesterday. The US dollar index has slid 0.54 percent so far this week following a string of weaker US data, as investors refrain from taking more 'long' positions in the dollar...

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