NZ dollar may extend decline as US rate advantage set to remain

Mon, 08 Oct 2018

By Paul McBeth Oct. 8 (BusinessDesk) - The New Zealand dollar may extend its decline against the greenback as US government bonds offer an increasingly attractive return relative to their Kiwi counterparts. The local currency traded at 64.39 US cents as at 5pm in Wellington from 64.41 cents on Friday in New York and down from 65.65 cents in Asia last week. The trade-weighted index fell to 70.60 from 71.11 last week. New Zealand's currency has dropped 2.7 percent so far this month as the yield on US Treasuries shot up to a seven-year...

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