NZ dollar holds at six-month lows, may decline on weaker trade data

Mon, 25 Aug 2014

By Tina Morrison Aug. 26 (BusinessDesk) - The New Zealand dollar held at six-month lows overnight ahead of trade data today which could put the local currency under further pressure. The kiwi was little changed at 83.41 US cents at 8am in Wellington, from 83.45 cents at 5pm yesterday. The trade-weighted index edged lower to 78.75 from 78.78 yesterday. The New Zealand dollar fell sharply yesterday amid US dollar strength as investors bet an improving US labour market may prompt the Federal Reserve to raise interest rates sooner than pre...

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