NZ dollar holds above 68 US cents as greenback buoyed on rates, euro woes

Tue, 21 Nov 2017

By Rebecca Howard Nov. 21 (BusinessDesk) - The New Zealand dollar continued to hover around 68 US cents as the greenback was supported by higher US bond yields and as geopolitical concerns weighed on the euro. The kiwi dollar traded at 68.01 US cents as at 5pm from 68.07 US cents as at 8:30am in Wellington and 68.11 cents late yesterday. The trade-weighted index was at 72.19 from 72.27 yesterday. The yield on the US two-year Treasury was at a nine-year high 1.755 percent as investors price in more rate hikes from the US Federal Reser...

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