NZ dollar holds near 6-month lows, may fall further as greenback revives

Tue, 26 Aug 2014

By Jonathan Underhill Aug. 26 (BusinessDesk) - The New Zealand dollar held near six-month lows on expectations the greenback will extend gains given the prospect of US interest rate hikes next year. The kiwi traded at 83.40 US cents at 5pm from 83.45 cents late yesterday. It dropped as low as 83.08 cents after government figures showed the trade deficit in July was a wider-than-expected $692 million. The trade-weighted index was at 78.74 from 78.78 yesterday. The US dollar index, which measures the greenback against a basket of major c...

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