NZ dollar may fall from a four-month high as US returns from holiday

Tue, 16 Jan 2018

By Rebecca Howard Jan. 16 (BusinessDesk) - The New Zealand dollar may fall from a near a four-month high when US investors from holiday and bring an end to a bout of sharp greenback-selling on optimism about the euro's prospects. The kiwi traded at 72.91 US cents as at 5pm in Wellington versus 73.02 cents at 8am, and up from 72.66 cents yesterday. The trade-weighted index advanced to 75.07 from 74.85. The local currency rode on the coat-tails of the euro, which shot up overnight after European Central Bank rate-setter Ardo Hansson sai...

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