NZ dollar holds above 65 US cts as upbeat data pushes up US bond yields

Tue, 11 Sep 2018

By Paul McBeth Sept. 12 (BusinessDesk) - The New Zealand dollar held above 65 US cents as an upbeat US business survey supported expectations that the Federal Reserve will raise interest rates, making US bonds more attractive than their Kiwi counterpart. The local currency fell as low as 65.02 US cents and traded at 65.15 cents at 8am in Wellington from 65.26 cents yesterday. The trade-weighted index was at 71.05 from 71.13 yesterday. The yield on US 10-year Treasury notes increased 4 basis points to 2.98 percent after the NFIB small...

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