NZ dollar in biggest fall against greenback since November

Thu, 19 Jan 2017

By Edwin Mitson Jan. 19 (BusinessDesk) - The New Zealand dollar saw its biggest one-day fall since November as the greenback strengthened sharply after a speech by the chair of the US Federal Reserve Janet Yellen, in which she said the world's largest economy was getting to the stage at which it could operate without the emergency support introduced since the global financial crisis in 2008. The local currency fell to 71.38 US cents at 5 pm in Wellington, from 71.64 cents at 8 am and 72.04 cents late yesterday. A peak to trough loss of 1...

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