NZ dollar little changed below 71 US cents as greenback, US rates rise

Mon, 14 Nov 2016

By Jonathan Underhill Nov. 15 (BusinessDesk) - The New Zealand dollar was little changed, holding its ground against a greenback that's being driven up by rising US bond yields, amid expectations dairy prices will extend their gains at this week's auction. The kiwi traded at 70.90 US cents as at 8am in Wellington, from 70.98 cents late yesterday. The trade-weighted index rose to 77.39 from 77.18. The US dollar index rose to its highest level in about a year as US bond yields rose, with the yield on 10-year Treasuries reaching about 2.3...

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