NZ dollar jumps to 3-month high after weak data weighs on US interest rate outlook

Wed, 14 Oct 2015

By Tina Morrison Oct. 15 (BusinessDesk) - The New Zealand dollar rose to its highest in more than three months after disappointing US retail sales and producer prices data pushed out expectations for when the Federal Reserve will likely raise interest rates. The kiwi hit 68.14 US cents, its highest level since June 30, and was trading at 67.85 cents at 8am in Wellington, from 66.77 cents at 5pm yesterday. The trade-weighted index advanced to 72.49 from 71.64 yesterday. The US dollar index, which measures the greenback against a basket...

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