NZ dollar may extend decline as Fonterra payout, Yellen loom

Mon, 23 Feb 2015

Feb. 23 (BusinessDesk) - The New Zealand dollar fell against the greenback and may extend its slide on speculation drought in key farming areas will weigh on an economy that may have reached its cyclical peaks, while the Federal Reserve is expected to affirm interest rates are set to rise in the US. The kiwi traded at 75.11 US cents at 5pm in Wellington, down from 75.18 cents at the New York close on Friday. The trade-weighted index fell to 77.91 from 78.12 on Friday. US Federal Reserve chair Janet Yellen is scheduled to give her semi-ann...

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