NZ dollar holds near 3 1/2-month low on higher US bond yields; ECB awaited

Thu, 26 Apr 2018

By Paul McBeth April 26 (BusinessDesk) - The New Zealand dollar held near a 3 1/2-month low as rising US bond yields underpinned demand for the greenback, reducing the allure of the kiwi, and ahead of the European Central Bank's latest policy review. The kiwi traded at 70.56 US cents as at 5pm in Wellington from 70.66 cents at 8am, down from 70.94 cents yesterday. The trade-weighted index dropped to 73.28 from 73.35. The greenback tracked higher as the yield on the US 10-year Treasury rose above 3 percent for the first time in four y...

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