NZ dollar holds above 73 US cts as investors await US economic data

Mon, 25 May 2015

By Paul McBeth May 25 (BusinessDesk) - The New Zealand dollar held above 73 US cents as investors await data out of the US to gauge the strength of the world's biggest economy after Federal Reserve chair Janet Yellen said she expected the central bank would hike interest rates this year. The kiwi traded at 73.06 US cents at 5pm in Wellington from 73.02 cents at 8am and down from 73.20 cents on Friday in New York. The trade-weighted index fell to 75.97 from 76.28 last week. The greenback rallied after US data showed core inflation rose...

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