NZ dollar may fall as US data buoys optimism about world's largest economy

Sun, 06 Jul 2014

By Tina Morrison July 7 (BusinessDesk) - The New Zealand dollar was little changed in quiet trading following Friday's Independence Day holiday in the US, although it may soften following stronger US economic data last week. The kiwi was at 87.44 US cents at 8am in Wellington, from 87.38 cents at the New York close and 87.49 cents at 5pm on Friday. The trade-weighted index was virtually unchanged at 81.42 from 81.43 on Friday. The US dollar index, which measures the greenback against a basket of currencies, strengthened after a report...

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